Anna Swanson

I think there's just a lot of uncertainty about the refund process, whether or not companies even need to do this to ensure that refund.

But for them, there's a lot of money at stake, you know, hundreds of millions of dollars potentially.

Yeah, so inflation on the producer side was a little hotter than expected this morning.

And I think it's just a reminder that it remains kind of a balancing act for this economy.

We are concerned about slowdowns.

We're also still concerned about inflation being, you know, stickier.

I'm also now concerned about this toddler on a sugar high that Heather was mentioning.

Parents all know that doesn't end well, right?

But in terms of where tariffs will go and the impact on prices, we've kind of been getting mixed reports.

I mean, you do see some analysts say that most of the tariff increases have been priced in by companies.

But anecdotally, a lot of companies are still telling me that they have held off on increasing prices too much so far, but that the time may come for them to do so in the future.

They were really concerned about the consumer market being too fragile and whether consumers would put up with price increases.

But in the meantime, they've been having to deal with having their profit margins compressed, having less money to invest in new plants and employees.

So that situation isn't sustainable forever.

So.

I do think, you know, particularly if you see tariffs, you know, they've gone down a little bit.

If you see them go back up again this summer, companies will have to pass on some of those costs to us.