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Federal Budget – April Has Slower Growth, Tariff Revenue Boom Immaterial

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April’s tax data shows slowing revenue growth, stable trends in key categories, and strong tariff growth. But the growth in tariff revenue is not material to total revenue, and there’s no sign of economic impact from tariffs yet. Here’s the data, and what to look out for in the months ahead. 

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Posted in 1 - Liquidity Trader- Macro Liquidity, Fed, Central Bank and Banking Macro Liquidity