Macro

The U.S. economy looks strong but is increasingly fragile as consumer and labor trends weaken.

Markets are falling as oil-driven inflation, new tariffs, and Fed uncertainty collide, raising the risk of prolonged high rates and higher costs across the economy.

U.S. actions in Cuba are fueling black-market oil trade and weakening long-term global market stability.

The Fed held rates as oil-driven inflation limits its ability to cut.

The Fed is facing a tough choice between fighting inflation and preventing an economic slowdown.

Markets have flipped into risk-off mode as oil surged due to the ongoing conflict in Iran, equities sold off, and investors sharply reduced expectations for near-term rate cuts.