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The Federal Reserve's current "moderately restrictive" monetary policy is right for an environment with an abnormal amount of uncertainty and fast changes taking place in U.S. government policy, Richmond Fed President Tom Barkin said on Thursday. Barkin, in prepared remarks for an economics lecture at Washington and Lee University, did not directly address the potential fallout from the 25% auto tariffs announced on Wednesday by President Donald Trump. But like other Fed officials of late, Barkin was at least entertaining the idea that the suite of tariffs being rolled out by Trump could lead to higher-than-expected inflation, though the impact of that could also be offset by tax and regulatory policies still to come.

Customer engagement software provider Braze (NASDAQ:BRZE) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 22.5% year on year to $160.4 million. The company expects next quarter’s revenue to be around $158.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.12 per share was significantly above analysts’ consensus estimates.

Cava shares climbed Thursday following the announcement that the restaurant chain will join the S&P MidCap 400 next week.

Athletic apparel retailer Lululemon (NASDAQ:LULU) announced better-than-expected revenue in Q4 CY2024, with sales up 12.7% year on year to $3.61 billion. On the other hand, next quarter’s revenue guidance of $2.35 billion was less impressive, coming in 2.1% below analysts’ estimates. Its GAAP profit of $6.14 per share was 4.6% above analysts’ consensus estimates.

Trump has pushed ahead with hefty auto tariffs, stoking fears over a full-on trade war.

Fashion conglomerate Oxford Industries (NYSE:OXM) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 3.4% year on year to $390.5 million. On the other hand, next quarter’s revenue guidance of $385 million was less impressive, coming in 4.9% below analysts’ estimates. Its non-GAAP profit of $1.37 per share was 8.1% above analysts’ consensus estimates.

Shares of office furniture manufacturer Steelcase (NYSE:SCS) jumped 13% in the pre-market session after the company reported an impressive fourth quarter 2024 results which blew past analysts' EPS expectations, while sales were in line.