What Made Trump Blink? The Treasury Market’s Quiet Power Move
By Kristen Kelly & Jen Saarbach, Co-Founders of The Wall Street Skinny We think the Treasury market was the ultimate impetus behind the 90 day pause in reciprocal tariffs. Why? Let’s get back to macro theory. If there’s a “normal” negative shock to the U.S. economy — say, a spike in oil prices — and […]