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Markets Face Tariffs

Trade policy uncertainty continued to shape financial markets this week as replacement tariffs under Section 122 of the Trade Act

Economic Data Signals Resilience

There was a plethora of economic data releases this week with most indicating the resilient economic backdrop remains in place.

January 2026 Bond Market Review

December economic data signaled moderating inflation alongside a continued rebalancing in labor market conditions, with price pressures still running modestly

12/31– Weekly Economic Highlights

After several months of tense negotiations, Congress compromised on a $900 billion fiscal relief package, and President Trump signed the bill on Sunday. This latest relief package follows about $2.7 trillion approved earlier this year. The legislation provides funding for a variety of programs and includes another round of direct household payments, an extension of some emergency unemployment benefits, and additional aid through the Payroll Protection Program. The bill also includes about $8 billion for vaccine distribution, as the federal government is currently falling well behind its goal to vaccinate 20 million in the US by year-end. Notably, the bill did not include direct funding for state and local governments which had been a sticking point during the months of negotiations.

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