Plus, higher for longer and stagflation fears.
Are President Donald Trump’s tariffs already paying dividends? The White House has scored some early victories as tariff threats might be bolstering domestic demand and creating jobs. But while it might be premature for the administration to hang a “mission accomplished” banner on the trade agenda, the president could take some victory laps based on new economic data.
Tariffs Spark Demand for US Factory Goods
According to recent Federal Reserve statistics, US industrial production surged by 0.5% in January, topping the consensus forecast of 0.3%. Manufacturing output, however, slipped 0.1% last month and fell short of market estimates. On a year-over-year basis, industrial and manufacturing production has risen to 2% and 1%, respectively, up from anemic levels. Capacity…
