Investing.com — U.S. stock index futures on Monday night as concerns about overly destructive trade tariffs under President-elect Donald Trump eased with reports that his team is considering gradual increases in tariffs. Market prices rose.
However, inflation data released this week is expected to provide further clues following a series of hawkish signals, and futures gains were capped by continued caution over a slowing pace of rate cuts in 2025. . This week, major banks' financial results are in full swing.
Wall Street continued to trade mixedly, with futures rising, but gains in cyclical stocks only slightly offset persistent declines in technology stocks. US stocks also had a sluggish start to the year.
By 18:13 ET (23:13 GMT), it rose 0.3% to 5,892.50 points and rose 0.5% to 21,046.25 points. It rose by 0.2% to 42,607.0 points.
Trump campaign considers gradual tariff hikes – Bloomberg
Bloomberg reported Monday that President Trump's economic team is considering a program to gradually increase import tariffs over the coming months, a proposal that would increase leverage with trading partners and prevent a spike in inflation. The purpose is to
The plan, which has not yet been presented to President Trump, includes a schedule for tariff increases of 2% to 5% per month and would be implemented under the enforcement authority of the International Emergency Economic Powers Act.
President Trump, who will be inaugurated on January 20, has vowed to impose hefty trade tariffs on several major countries, particularly China, from the “day one” of his term. He vowed to impose a minimum tariff of 10% to 20% on all imported goods, with a 60% tariff on China.
Recent reports suggest that he may also declare a national economic emergency to carry out this plan.
Concerns over higher import tariffs have led to risk aversion on Wall Street, especially since Federal Reserve officials have also warned that import tariffs could support inflation and keep interest rates high for an extended period. movement was intensifying.
But while Monday's report helped allay some of those concerns, it remains to be seen whether President Trump will consider the plan.
Wall Street has mixed returns and inflation is on the way.
Wall Street indexes pared some of Monday's losses to a mixed finish.
It rose 0.2% on Monday to 5,836.0 points and rose 0.9% on Monday to 42,297.12 points, both indexes rebounding from their lowest levels in more than two months. The index fell 0.4% to 19,087.82 points, the lowest in almost two months, but the intraday decline narrowed slightly.
This week's focus is on December's inflation numbers, which will be released on Wednesday. The measure could provide further clues about interest rates, as last week's strong jobs report reinforced expectations that the Fed will slow its pace of rate cuts this year.
Earnings season is set to begin in earnest on Wednesday, with print filings from several of Wall Street's biggest banks, including JPMorgan Chase & Co. (NYSE:). wells fargo & Company (NYSE:), goldman sachs group Inc. (NYSE:), and citygroup Inc. (NYSE:).
