Weekly Market Recap - Friday, 11-Apr
Major market indices were up for the week, rebounding after the prior week's notable slide. On Wednesday, President Trump abruptly announced a 90-day pause for reciprocal tariffs on countries that had not retaliated and had sought negotiated settlements, resulting in a massive rally. At the same time, however, the White House raised the tariff rate on China to 125% (later clarified as 145%). On the economic front, March core CPI came in cooler than consensus, while the headline logged an outright monthly decline.