#TariffsPause #TariffsPause Meanwhile, in Bonds:

The U.S. Treasury market saw wild swings. A major $39B auction of 10-year notes drew strong interest, calming nerves after a shaky short-term auction.

Capitol Hill Drama:

Trump’s surprise announcement during a Congressional hearing left even his own team scrambling — including Trade Rep. Jamieson Greer.

GOP lawmakers called it a “savvy reset,” while Dems slammed it as “chaotic and calculated.”

The Bigger Picture:

While markets popped, economists are cautious. The effective U.S. tariff rate is now 20%, up from just 2.4% in 2024.

Translation? Uncertainty may still weigh on hiring, investment, and overall economic momentum.