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This report is published to members of EPB Macro Research each Sunday.
The month of May ended with what some are calling "panic buying" in US Treasuries as interest rates dropped as much as 20 basis points on some parts of the yield curve. After President Trump announced a new set of tariffs on Mexico, the US equity market continued to tumble.
While the tariffs, on both China and now Mexico, are certainly not helpful to global or domestic growth, it should be very clearly noted that the deceleration in both global and domestic growth