Reported about 7 hours ago
Carlyle Group CEO Harvey Schwartz anticipates increased market volatility following President Trump's tariffs on major trading partners. Speaking at the Bloomberg Invest conference, he warned that uncertainty surrounding the tariffs could significantly impact the economy, and traders are fixated on data that might not provide clear guidance on policy directions. Schwartz emphasized the difference between one-time price hikes and sustained inflation caused by ongoing trade wars, as the S&P 500 experiences losses reflecting these concerns.
Source: YAHOO