The bears talk China’s manipulated currency

Unlike income taxes, which are progressive, tariffs function like a sales tax—affecting all income levels equally and hitting lower-income consumers harder.

Federal Reserve officials kept rates steady at last week’s Federal Open Market Committee meeting, but a majority of committee members indicated at least two more quarter-point rate hikes were likely before year-end.

The Federal Reserve’s decision to keep interest rates unchanged at the March FOMC meeting sparks a waiting game for investors, with the potential for rate cuts later in the year.