03/03/2025 Daily Reports
Tariff Uncertainty and Economic Jitters Shake Markets
- Markets remain on edge as uncertainty looms over Trump’s proposed 25% tariffs on Mexico and Canada, set to take effect Tuesday. While officials suggest possible delays or adjustments, concerns grow over the economic impact, especially as recent data points to slowing U.S. growth and a record-high trade deficit.
- Investor sentiment is fragile, with the Federal Reserve facing pressure to cut rates amid weaker economic indicators. Markets have already priced in multiple rate cuts, and a miss on upcoming job data could further drive expectations for monetary easing. Meanwhile, Bitcoin and Ether surged after Trump hinted at a government-backed digital asset reserve, though details remain unclear
- Beijing is preparing a major stimulus package, with speculation that it may include countermeasures against U.S. tariffs. As geopolitical and economic tensions build, all eyes are on the Federal Reserve and upcoming policy decisions.
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