We will probably not have any clarification on how the reciprocal tariffs will play out until April 2 — provided Trump isn’t also flexible with the start date.
The U.S. Federal Reserve kept interest rates steady, as widely expected, and kept its projection of two rate cuts this year. Markets rallied in relief.
The adage to never bet against the U.S. consumer still holds true — to some degree. February retail sales, while lower than expected, rose from a month before.