The staggering run of bonds

The rate of overall inflation is slowing with tighter financial conditions

Stocks rallied the first half of the week as markets tried to anticipate the potential impact of tariffs previously announced by the White House. Soon after the closing bell on Wednesday, President Trump’s new tariffs surprised markets.

The risks of high tariffs and a potential trade war may have a greater impact on currency markets going forward.

The road ahead for the US economy looks open-ended