A government debt sale this week went poorly because potential buyers were spooked by tariffs.
Businesses, consumers and the Fed are moving carefully because of uncertainty, says Raphael Bostic. “When the fog gets thicker, you're going to pull over and wait.”
The airline is just one of several companies looking at the cost of a trade war and revising their future projections.
In an uncertain environment, companies are less eager to take on debt and investors are charging more to lend.
Yesterday's stock market rollercoaster ride hinged on false information about a potential tariff pause.
Major indexes on Wall Street are highly volatile this morning after conflicting messages from the Trump administration over global tariffs.
From the BBC World Service: Stock markets across Asia, Europe and Australia have plummeted in response to President Donald Trump’s tariffs.
