The current conditions component eased to 61.5, following a rise to 68.8 in January. Panel members maintained a generally positive outlook, with 38 percent reporting that current conditions were "better," compared to 44 percent last month. Additionally, 46 percent described the conditions as "unchanged," while 15 percent felt they were "worse." Consistent with recent months, panelists highlighted a strong market but expressed continued uncertainty regarding the new administration's tariffs.

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