Tariff Talk and a More Hawkish Fed Keep Investors on Edge

Stocks’ recovery from the February correction was derailed last week, after new Fed Chair Powell gave an upbeat assessment of the economy in testimony before Congress, followed by the administration unexpectedly announcing the imposition of across the board import tariffs on steel and aluminum. On the week, the S&P 500 index fell 2 percent, with cyclical groups getting hammered, led by materials, down 3.8 percent, and industrials, which fell 3.3 percent. Only telecom managed to squeeze out a fractional gain.

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Read more here: Tariff Talk and a More Hawkish Fed Keep Investors on Edge

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