While the markets were busy climbing, the U.S. dollar also kept up its winning streak since the...
Today’s GDP release was a not-so-gentle reminder that the broader U.S. economy might be heading into a tougher stretch. The first (emphasis on first) estimate for Q1 2025 GDP showed a 0.3% decline compared to last year.
What’s partly behind it? A big jump in imports—like a team trying to beat the shot clock—businesses moved early to get ahead of (wait for it)... Trump Tariffs. Yes, tariffs will impact the food commodity markets this year. But the bigger concern? The “will they/won’t they” drama of trade policy—like Ross and Rachel—and the impact on the U.S. consumer.
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