Bonds & Stocks
A stock selling stampede abated as traders boosted expectations for Federal Reserve rate cuts amid economic fears just days ahead of President Donald Trump’s deadline for reciprocal tariffs to take effect.
Economy
President Donald Trump’s much bigger-than-expected tariff hikes increase the urgency of the Republican tax-cut package now in negotiation, while threatening to undermine its boost to business and consumer confidence. With the biggest selloff on Wall Street since the Covid crisis showcasing investor concerns about Trump’s plans to jack up US tariffs against all trading partners, the stakes are now higher for the GOP tax package.
World
China’s policymakers discussed measures over the weekend to stabilize the economy and the markets in the face of US President Donald Trump’s tariff onslaught, including whether to accelerate plans to unleash stimulus to bolster consumption, according to people familiar with the matter.