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Huge drop expected: In response to tariffs, analysts are expecting to see a drop in vehicle sales drop by the millions, higher new and used vehicle prices, and increased costs of more than $100 billion for the auto industry. Read more from CNBC.
Demanding rate cuts: President Donald Trump is warning that the U.S. economy may slow if the Federal Reserve does not move to immediately reduce interest rates, in his latest broadside against Federal Reserve Chair Jerome Powell. Trump said in a social media post Monday that “there can be almost no inflation” because of falling energy and grocery prices. Read more from Bloomberg. A subscription may be required.
Luncheon speaker: Baton Rouge activist and athlete Jenni Peters will be the guest speaker at the Press Club of Baton Rouge on Monday. She will discuss the “Envision Baton Rouge” initiative and efforts to spur conversation about improving the city’s parks and walking paths. The Press Club meets on Mondays in the ballroom at Drusilla Place Catering, with doors opening at 11:30 a.m. and the program beginning at 12:15 p.m. Learn more about the event.
