Markets cautious, waiting on US tariffs

Eurizon Weekly, 24 Mar. 2025. Last week’s main events were the Fed’s policy meeting (that left rates unchanged), still solid macro data in the US and, in Europe, the approval in Germany of the constitutional changes required to approve the massive financial defence and infrastructural spending plan. However, the markets remained cautious overall, as focus is presently on the actual size of the tariffs announced by the US administration. Andrea Conti, Head of Macro Markets Analysis at Eurizon, takes a closer look. Audio recorded on 24 Mar. 2025.

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