Major indices were on track to close higher for the week despite the continued uncertainty that investors feel.
The pause on tariffs announced by the Trump administration ignited a rally in stocks. But that rally was short lived as investors remain concerned about the impact of the tariffs on consumer prices and whether they will be the catalyst that leads the U.S. economy into a recession.
On the other hand, the latest readings on inflation showed that lower energy prices are helping to ease overall price pressures. Still, analysts believe that inflation will move higher unless the United States successfully reaches trade agreements with many countries.
