On a Good Friday-shortened week, economic data included gains in retail sales, while industrial production and housing starts fell back.

Economic data included a significant pause in the U.S. administration’s total tariff policy, resulting in some relief of recession fears for now. Consumer price inflation came in slower than expected, with the year-over-year rates also declining, as did producer price inflation to some degree. Consumer sentiment remained poor, with inflation expectations rising sharply.

  Equities suffered their worst week since the pandemic, reacting negatively to the U.S. administration’s tariff news.

Economic data included U.S. GDP for Q4-2024 coming in unchanged, but Q1 expectations were revised downward.

The Federal Reserve Open Market Committee raised the fed funds rate today by another 0.75%, to a range of 3.00-3.25%. The vote was...

Despite early hopes for a positive day as measured by S&P futures pre-market trading, the mood was soon dashed as markets declined...