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Stock impact report

Fed Chair Powell warns of tariff turmoil as big company stocks struggle [Fortune]

V.F. Corporation (VFC) 
Last v.f. corporation earnings: 1/23 06:55 am Check Earnings Report
US:NYSE Investor Relations: ir.vfc.com
Company Research Source: Fortune
“The level of tariff increases announced so far is significantly larger than anticipated, and the same is likely to be true of the economic effects, which will include higher inflation and slower growth,” U.S. Federal Reserve chair Jerome Powell said on Wednesday during a speech at the Economic Club of Chicago, Fortune 's Paolo Confino reports Tariffs also weigh heavily on the expectations that companies and consumers have about the economy. According to surveys of households and businesses, there's a “sharp decline in sentiment and elevated uncertainty” largely due to concerns about trade policy, Powell said. He said the economy now faces “heightened downside risks.” In its assessments of the economy, the Fed monitors long-term inflation expectations. “If those rise, it means business leaders, investors, and the public at large see inflation as a chronic problem that won't go away,” Confino writes. “When that happens, they're much more likely to cut back on spending, which only Show less Read more
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