How is Tariff Uncertainty Affecting Businesses?

How is tariff uncertainty affecting the outlooks of small and medium-sized businesses, and how will this impact consumers? Boston Fed research director Egon Zakrajšek is part of a team at the Bank investigating this critical, ongoing question. In this podcast, he discusses how the team partnered with a survey research firm to reach out to hundreds of businesses for insights. And he shares key takeaways from the team’s findings, including the potential impacts of tariffs on inflation and consumer prices.