Chinese data indicates that the nominal value of exports to the U.S. has grown, even as U.S. data shows imports from China falling. This discrepancy increases questions around the impacts of the recently enacted 10% tariff.

The return-to-office process has been messy and tense for employees at some of the country’s biggest employers, including Amazon and JPMorgan.

Unemployment numbers are likely to rise soon. The lost positions will primarily be well-paid roles held by highly educated workers, which will spill over to consumer-facing industries and housing, pushing Washington, D.C., into a mild recession by the summer.