Trade, Tariffs, and Inflation
Trade dynamics have shifted considerably since President Trump’s first administration. Reshoring among U.S. businesses and headwinds to the Chinese economy may limit the inflationary impact from rogue trade policy If you are having trouble viewing the Weekly Market Commentary below, please click here. Looking for last week’s edition? Please click here.
Weekly Bottom Line
Progress on the inflation front appears to have stalled. Core CPI inflation held steady in October, while the trend over the past three months has accelerated. October retail sales were also solid, putting consumer spending in the fourth quarter on a very solid footing. Chair Powell moved markets on Thursday by saying that the Fed […]