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Small and Medium-Sized Businesses’ Expectations Concerning Tariffs, Costs, and Prices

April 10, 2025Philippe Andrade, Alexander M. Dietrich, John Leer, Raphael S. Schoenle, Jenny Tang, Egon Zakrajšek Federal Reserve Bank of Boston
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In this Boston Fed brief, the authors identify the causal effect of expected tariffs on small and medium-sized businesses in a survey conducted from December 24, 2024, to January 2, 2025.