Week ahead: Tariff talk, PMI and GDP updates and CoreWeave IPO [Video]
![Week ahead: Tariff talk, PMI and GDP updates and CoreWeave IPO [Video]](https://editorial.fxsstatic.com/images/i/Economic-Indicator_GDP-1_XtraLarge.png)
US equities saw a precious support from the Federal Reserve (Fed) last week, as policymakers decided to downplay the impact of tariffs on inflation by saying that it would be ‘transitory’ and slowed the pace of QT. US equities rebounded and the dollar recovered.
The week will probably be heavy with tariff talk. The early-week echoes are positive with rumours that the upcoming tariffs would be more measures than previously thought. But, who knows?
Investors will be watching the March preliminary PMI numbers today, and look for hints on how the US shake-up reflects in activity. So far, the evolution in growth expectations have been negative for the greenback and positive for the euro and sterling.
The past two-years’ tech darlings have been bearing the brunt of the loss of appetite for US exceptionalism as well. Maybe CoreWeave is not going public at the best time.
Author
Ipek Ozkardeskaya
Swissquote Bank Ltd
Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.
