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100 Days In: Trump’s ‘Strategic Uncertainty’ on Tariffs Leaves Markets Guessing

President Trump’s first 100 days back in office have been marked by significant uncertainty around tariffs, which appear to be his administration’s top economic priority but also the biggest drag on his popularity.

Despite promises of quick deals, negotiations with foreign nations remain unclear, with Trump and his team offering contradictory statements about progress.

Treasury Secretary Scott Bessent recently described this approach as “strategic uncertainty,” highlighting a pattern that extends beyond trade to other policy areas where progress has been slower than initially promised.

Four hourglasses with gold sand representing gold investment by age, from long time horizon to short
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How Much Gold Should You Own at 25, 45, or 65?

How much gold should you own at 25, 45, or 65? The right allocation isn’t a fixed percentage. It moves with your time horizon, income needs, and volatility tolerance, and this decade-by-decade framework shows you how, using the same models Morgan Stanley and Bridgewater actually rely on.

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Manufacturing Sentiment Craters as Trump Tariffs Begin to Bite, Fed Surveys Show

Published: 04-17-2025, 05:05 pm | Updated: 04-17-2025, 11:47 am Recent Federal Reserve surveys reveal US manufacturers’ growing concerns about Trump’s tariff plans. The Philadelphia Fed’s April manufacturing index plunged to -26, its lowest since April 2023, while the prices paid index hit a 21-month high. Similarly, the New York Fed’s survey showed deteriorating business expectations, with its future business climate index reaching its lowest point since 2009. These worrying indicators emerge as Trump’s “Liberation Day” tariffs push effective US tariff rates to their highest level in a century, with economists warning of increased inflation and slower economic growth.

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India Gold Demand Slump Deepens as Asia Faces Soaring Prices
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Price Sensitivity Divides Asian Gold Markets: India Offers Deep Discounts While China Pays Premiums

Published: 04-17-2025, 04:40 pm | Updated: 04-17-2025, 11:37 am Physical gold demand in India has virtually disappeared as prices have rallied to unprecedented levels, forcing dealers to offer steep discounts of up to $74 per ounce over official domestic prices. Indian domestic gold prices reached a record high of 95,894 rupees per 10 grams, a level that even market bulls didn’t anticipate a few months ago. Banks had increased their gold imports in March at significantly lower prices and are now offering these supplies at substantial discounts. Although gold was imported ahead of the Akshay Tritiya festival, the dramatic price

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Fed Holds Firm on Rates Despite Trump’s Calls for Powell’s Removal

Published: 04-17-2025, 03:45 pm | Updated: 04-17-2025, 11:17 am Federal Reserve officials continue resisting pressure to lower interest rates, despite President Trump’s demands and his call for Fed Chair Powell’s “termination.” New York Fed President John Williams stated clearly that he sees no need to adjust rates soon. Trump, who appointed Powell in 2017 but quickly began criticizing him, has economic advisers who say Powell will complete his term ending May 2026. However, Trump’s unpredictable approach has Wall Street concerned, especially with a Supreme Court case that could potentially allow presidents to fire independent agency commissioners. Fed officials remain focused

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