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Stock impact report

It took the Fed years to bring down inflation. Then came Trump's trade war [CNN]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: CNN
in four decades without triggering a recession, an outcome known as a “soft landing.” Now, two months into President Donald Trump's second term, that historic win could be reversed as a global trade war looms. Since Trump took office in January, his administration has overhauled trade policy, slashed the federal workforce, clamped down on immigration and reconfigured America's relationship with its allies — structural changes that have put American consumers, businesses and investors on edge . During that time, major stock indexes went from hitting record highs to slipping into correction territory and consumer sentiment went from an eight-month high to its lowest level since November 2022. Now, Fed officials face the difficult task of figuring out how the economy will ultimately respond to Trump's shock therapy. Analysts have already pointed to higher inflation and weaker growth this year, a toxic duo resembling “stagflation.” Central bankers are almost certain to hold interest Show less Read more
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