Markets Weekly Outlook - The Gavel Falls On Global Tariffs As Inflationary Fears Return To The Fold
Source: SeekingAlpha
2026-02-20 22:40:00 ET
Week in review - Tariffs and inflation
- The US Supreme Court struck down the administration's broad global tariffs under an emergency act (IEEPA). However, the administration is pivoting to alternative legal tools.
- US financial markets reacted positively to the tariff ruling but had to contend with a disappointing 1.4% GDP report and higher-than-expected inflation data (PCE price index up 0.4% MoM).
- A 5% weekly gain in oil prices, combined with persistent inflation data, has brought inflationary pressures back to the fore.
- The market's attention shifts to high-stakes corporate earnings, especially Nvidia, as the bellwether for the AI boom and crucial economic data, including the Australian Monthly CPI and US Consumer Confidence.
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Markets Weekly Outlook - The Gavel Falls On Global Tariffs As Inflationary Fears Return To The Fold
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