Bonds & Stocks
A renewed wave of dip buying drove gains in stocks after a slide fueled by weak jobs data, with traders wading through solid earnings amid bets the Federal Reserve will soon be able to cut rates. The dollar fell. Bonds barely budged.
Economy
President Donald Trump wants lower interest rates. Achieving that objective will require overcoming bigger obstacles than Fed Chair Jerome Powell. There are structural forces that drive the cost of borrowing, and right now they’re pointing up. Governments and businesses are piling on debt to pay for tax cuts, military spending, and AI investments.
World
The Swiss government said it is determined to win over the US on trade after last week’s shock announcement of 39% tariffs on exports to America.