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“I don't want to say ‘normal,’ but we’re operating,” Consumer Financial Protection Bureau operations chief Adam Martinez testified before U.S. District Senior Judge Amy Berman Jackson of the District of Columbia.

“We increasingly view a large-scale pullback in spending driven by uncertainty about tariffs, DOGE layoffs, and weakness in equities as a non-trivial tail risk.”

This is the first payrolls report that fully reflects Trump’s second term, but because it landed before most of the administration’s firings, March unemployment data will look “a lot uglier.”

Trump delays by another month his tariffs on all Canadian and Mexican goods covered by the USMCA.

Rising burnout among young adults could have long-term impacts.

The trade wars that are gearing up could have a global impact on credit markets. Some European businesses have been accelerating borrowing plans to get ahead of potential measures.

“There are going to be tariffs on Tuesday on Mexico and Canada. Exactly what they are, we’re going to leave that for the president and his team to negotiate.”

But according to Fed Chair Jerome Powell: “Overworked maybe, not overstaffed. Everybody at the Fed works really hard.”