Economist Ed Yardeni anticipates ongoing US trade tensions under President Trump, viewing tariffs as a negotiation tool. He notes the US economy’s resilience with strong GDP growth despite a weak labor market. Yardeni also expects a 25 basis point Fed rate cut, with the market watching for dovish or hawkish signals.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.