The Following Content Has Been Provided by:Marty Bradley
March 12, 2025: 11:00 p.m.:
March 12, 2025: Economy Highlights
- The S&P 500 and Nasdaq gained 0.5% and 1.2%, respectively, as February’s consumer prices rose less than expected, though ongoing trade tensions continued to affect market stability.
- U.S. Treasury yields increased for the second consecutive day after February’s inflation data came in cooler than anticipated, with the annual rate at 2.8%.
- President Trump nominated Federal Reserve Governor Michelle Bowman as Vice Chair for Supervision, positioning her as a leading U.S. banking regulator.
- The Department of Education announced layoffs impacting nearly half its workforce, aligning with the administration’s agenda to reduce federal departments and transfer responsibilities to states.
- The European Union imposed $28 billion in retaliatory tariffs following the U.S. implementation of 25% steel and aluminum tariffs, escalating trade tensions.
