
The Week That Was - March 28, 2025
Tariffs cause uncertainty among businesses and consumers. Businesses don't want to commit to any projects because of a murky outlook and consumers are increasingly pessimistic about the economy's future. This can cause them to tighten their purse strings, and a recession almost becomes a self-fulfilling prophecy. In a worrying sign, March's University of Michigan consumer confidence survey came in at the lowest level since 2022.