They say that there are decades when nothing happens and then there are weeks when decades happen. This saying can be aptly used to describe the first 100 days of President Donald Trump’s second term in the White House. Steep tariffs on global trading partners, GDP contraction, and threats of a recession have thrown investors into a whirlwind.
Although such economic downturns normally lead to rate cuts by the Federal Reserve, Chairman Jerome Powell has indicated that heightened expectations of an uptick in inflation may deter the central bank from cutting rates with much speed.
