Tariff Tango: How Trump's Trade Threats Are Freezing Business Investment
US Stocks Retreat After Fed's First 2025 Meeting and Potential Tariff Discussions
US stock indices experienced a downturn following the Federal Reserve's decision to maintain interest rates during its inaugural meeting of 2025, coming on the heels of three consecutive rate cuts in 2024.
Charles Schwab's director and senior investment strategist, Kevin Gordon, provided insights during a Market Domination interview with co-hosts Julie Hyman and Josh Lipton, discussing the Fed's decision and potential economic implications of proposed tariffs.
Economic Indicators and Potential Risks
Gordon highlighted key economic metrics that could signal potential economic challenges, including:
- Institute for Supply Management (ISM) manufacturing index
- Business capital spending within gross domestic product (GDP)
Tariff Impact on Business Spending
The strategist emphasized the importance of examining the growth impact of potential tariffs, rather than focusing solely on inflationary effects. He noted that the uncertainty surrounding trade policy could prompt businesses to pause or reduce their spending.
"It's probably worth looking more at the growth impact as opposed to the inflationary impact from tariffs," Gordon explained. "Regardless of what the percentage is [and] which countries have tariffs applied to them ... the nature of this policy-making in terms of it could be on one day, off another ... is what causes companies to maybe take a step back and halt their spending."
For more expert insights and market analysis, viewers are encouraged to explore additional Market Domination content.