Markets are reeling after President Donald Trump unveiled sweeping tariffs on Wednesday, far exceeding investor expectations and triggering fears of an inflation spike. Ringing alarm bells in a post-announcement note was Ed Yardeni, president of Yardeni Research and historically one of Wall Street's most bullish voices, who now expects the U.S. economy to head to a stagflation regime. “Trump’s Reign of...

(Reuters) - Morgan Stanley said on Thursday it expects the U.S Federal Reserve will not cut rates this year due to potential elevated inflation levels on the back of Trump's latest tariffs. Trump on Wednesday imposed a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries. The Wall Street brokerage had earlier...

WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits fell last week, pointing to continued labor market stability ahead of potential volatility from import tariffs. Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 219,000 for the week ended March 29, the Labor Department said on Thursday. Economists polled by Reuters had forecast...

(Reuters) - Morgan Stanley said on Thursday it expects the U.S Federal Reserve will not cut rates this year due to potential elevated inflation levels on the back of Trump's latest tariffs. Trump on Wednesday imposed a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries. The Wall Street brokerage had earlier...