CNBC Business News Update Market Close: Stocks Higher, Trump Tariffs Reinstated By Court For Now, Costco With Modest Earnings Beat 5/29/25
May 29, 2025
The latest market trends show stocks on the rise, driven by mixed earnings reports and the reinstatement of tariffs. Experts analyze how these developments could affect consumer confidence and personal income. Discussions also touch on upcoming economic indicators and their potential impact on inflation. Stay informed on how these factors intertwine in the financial landscape.
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Tariffs Reduce Market Uncertainty
- Reinstating Trump tariffs reduces uncertainty in markets despite initial concern.
- This stabilizes market volatility by clarifying trade policy directions.
Investor's Tariff Perception Shift
- Investor Jim Caron noted his shift in perspective from fearing tariffs one day to acceptance the next.
- This anecdote highlights how rapid policy changes impact investor sentiment and volatility.
Fed Chair Resists Political Pressure
- Despite President Trump's calls, Fed Chair Jerome Powell maintains a cautious stance on interest rate changes.
- This illustrates tension between political leadership and monetary policy independence.