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</html><description>Macro One-time tariffs are expected to be a transitory shock, similar to the supply chain disruptions experienced during the COVID pandemic. However, the pandemic taught us that supply shocks can have far more persistent effects than initially anticipated by economists, sometimes lasting years. The Federal Reserve is now cautiously assessing whether tariffs will generate such [&hellip;]</description><thumbnail_url>https://i0.wp.com/karolpelc.com/InvestorSnippets/wp-content/uploads/2025/06/image.png?fit=1200%2C675&amp;ssl=1</thumbnail_url><thumbnail_width>1200</thumbnail_width><thumbnail_height>675</thumbnail_height></oembed>
