Past ‘peak uncertainty’ for global financial markets or eye of storm?

News Snapshot:

Far from full steam ahead, financial markets find themselves in the same boat as the Federal Reserve. They really don’t know where this historic trade disruption will end up. Inadvertently, U.S. President Donald Trump and Fed Chair Jerome Powell appeared to agree on one thing last week: the U.S. central bank is clueless. While Trump thinks he knows the answer, Powell just thinks the answers are unknowable right now and clues far away. “I don’t think we can say which way this will shake out,” Powell concluded after the Fed left interest rates on hold last week, prompting another stream...