UBS On-Air: Paul Donovan Daily Audio '….not well'
UBS On-Air: Market Moves · Podcast owner
April 4, 20253m 15s
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Show Notes
Financial markets expected a significant tax increase from US President Trump. Yesterday’s reaction shows the tax increase was worse than anticipated. US dollar weakness is telling. We often hear that when the US sneezes the global economy catches cold. This is not the US sneezing. This is the US cutting off its own arm. The self-inflicted economic cost naturally weakens the dollar. Federal Reserve Chair Powell speaks today on the economic outlook.