Bunny Levine, "Gilmore Girls" and "La La Land" actress, dies at 97
Bunny Levine worked as a school librarian for 25 years before pursuing her passion for acting and performing.
Bearish
-55.0
What's Happening
Minneapolis Federal Reserve President Neel Kashkari told CBS's "Face the Nation" that the ongoing tariff dispute with Canada risks prolonging inflationary conditions in the U.S. economy. Kashkari's comments signal concern within the Fed that trade tensions could undermine progress on price stability.
Market Impact
This directly pressures bond yields and rate expectations. If tariffs extend inflation, the Fed faces a dilemma between holding rates higher for longer or risking credibility by cutting into persistent price growth. Energy and materials stocks benefit from tariff-driven price support; consumer discretionary faces margin compression.
Broader Implications
Kashkari's hawkish stance on tariff consequences reflects internal Fed debate over whether trade policy is becoming a structural inflation driver. This shapes the policy path heading into 2026 and signals the Fed will not rush to cut rates if geopolitical trade friction persists.
