The U.S. economy is beginning to slow. A confluence of factors, including weakening consumer sentiment amid the ongoing global trade war; inflation still for the most part running above the Federal Reserve’s comfort level; and uncertainty about fiscal and monetary policies, exacerbated by President Trump bickering with Federal Reserve Chairman Jerome Powell over the direction of interest rates, are hurting domestic output. These events have roiled the global equity and fixed-income markets, and pushed the...

The world is in the midst of a global trade war. This commenced with the Trump Administration implementing across-the-board 10% tariffs on 185 nations. President Trump also announced a series of reciprocal tariffs against those nations with the biggest trade advantages over the U.S., generally assumed to mean large surpluses. The implementation of the reciprocal levies—with the one exception being China—was sub- sequently delayed for 90 days, as the parties attempt to renegotiate trade deals...

A global trade war commenced in early April. The first salvo was sent by the Trump Administration when it implemented a universal tariff rate of 10% on goods coming from 185 nations. Subsequent to that action, President Trump signed another executive order that said those nations with the biggest trade advantages over the U.S., generally assumed to mean large surpluses, will see much higher rates. The trade news brought a quick and harsh response from...