Investing.com — The potential for higher tariffs from the incoming Donald Trump administration has stoked concerns about economy and inflation at time when price pressures are expected to persists this year, according to the Federal Reserve’s Biege Book released Wednesday. “Contacts expected

(Reuters) – U.S. central bankers project more limited interest-rate cuts in 2025 than the full percentage point of reductions they delivered in 2024, given slower progress toward their 2% inflation goal, a still-strong labor market, and a lot of uncertainty