Stock Rally Wanes as Tariffs Cloud Inflation Path: Markets Wrap
Written by Black Hot Fire Network on March 12, 2025
(Bloomberg) -- A rally in stocks lost strength and bond yields climbed as Canada fired back on tariffs, keeping traders anxious about the path for the US economy even as the latest inflation reading showed a cooldown.
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Equities trimmed most of an advance that drove the S&P 500 up 1.3% earlier in the session. That was after Canada announced new 25% counter-tariffs on about C$30 billion ($20.8 billion) of US-made items, following the Trump administration’s . . .
