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Since April, the Trump administration has warned that its “Liberation Day” tariffs would take effect this Wednesday for countries failing to secure a trade agreement, but now officials are signaling trading partners will have until August 1.

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“The U.S. corporate bond market plays too important of a role in global investment portfolios for the turmoil of April to make a significant dent in demand.”

This latest forfeiture lawsuit dismissal aligns with recent decisions from other federal courts rejecting challenges to employer use of forfeited funds from departing, unvested employees.

The muted impact Trump’s tariffs have had on inflation has emboldened the White House and created splits among Fed officials.

Speaking to the House Financial Services Committee, Powell said interest rates will stay put until Fed officials better understand the impact of tariffs on the economy.