Last week, market investors primarily concentrated on the ongoing trade conflict between the United States and the rest of the world. The intensity of this struggle lessened over the weekend due to the Easter holidays.

This topic could become more heated this week as the situation remains unresolved.

In a recent appearance at the Economic Club of Chicago, Fed Chairman Jerome Powell, emphasized the potential economic impacts of US tariff policies, discussing the challenges and risks that global Central Banks are facing.

He noted that the economic effects are highly uncertain, as higher tariffs than anticipated could lead to increased inflation.

Additionally, a recent survey indicated that the likelihood of a recession in the US has jumped by 20%, now standing at 45%.

In Europe, as expected, the European Central Bank (ECB) has lowered its deposit rates by 25 basis points to 2.25%. However, the wording in the accompanying statement has shifted from “restrictive,” indicating a shift from a bias toward monetary easing, suggesting it is now closer to a neutral stance.

Tariff progress and market stability

In terms of progress on the tariff issue, the United States’ engagement in discussions with its major trading partners........

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