Tariff Costs Mount, FAR Deadline Looms

The Fed announces its June rate decision this afternoon — and while no change is expected, what Powell says about the future path matters more than the number. Tariffs are costing small businesses an estimated $85 billion a year, and with pre-tariff inventory buffers nearly depleted, the full cost hits this summer. Plus: the most significant overhaul of federal procurement rules in 40 years takes effect June 30 — if your business holds government contracts, the clock is ticking.