After the 25% tariffs on goods from Canada and Mexico were halted for 30 days, the 10% tariff on Chinese goods took effect at midnight. Shortly after, China announced 10-15% counter tariffs on some U.S. products that are set to take effect on Feb. 10.
The recent surge in oil and gas prices has driven up inflation expectations, causing markets to adjust their bets on Federal Reserve rate cuts, with traders now pricing in a near 40% chance of no rate...