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SORCE Insights: Expected Impacts of Higher Tariffs and Changes to Immigration Policy


Abstract: The Cleveland Fed’s Survey of Regional Conditions and Expectations (SORCE) administered in May 2025 asked respondents from across the Fourth District a set of special questions about the potential impacts of higher tariffs and changes to immigration policy on their businesses. This District Data Brief analyzes their responses.

https://doi.org/10.26509/frbc-ddb-20250626

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Provider: Federal Reserve Bank of Cleveland

Publication Date: 2025-06-26