Bonds & Stocks
A rally that drove stocks to one of their best weeks in 2025 lost steam on Friday after the latest round of data failed to assuage investors worried about the outlook for the world’s largest economy amid President Donald Trump’s trade war.
Economy
President Donald Trump said he would set tariff rates for US trading partners “over the next two to three weeks,” saying his administration lacks the capacity to negotiate deals with all of its trading partners. Trump said Friday that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick “will be sending letters out essentially telling people” what “they’ll be paying to do business in the United States.”
World
A wave of Chinese exports redirected toward emerging markets is likely to help crimp inflation across the developing world and bolster longer-maturity bonds, fund managers say.