- Joined
- Nov 2, 2012
- Messages
- 7,756
- Points
- 113
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Ever-changing economic headlines are keeping consumers on their toes.
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President Trump announced he’s paused some of Monday’s tariffs on Mexico and Canada until April 2nd—exempting goods already covered by the United States-Mexico-Canada Agreement (USMCA), a deal negotiated during Trump’s first term. A day earlier, he issued a one-month exemption for the auto industry.
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Wall Street appears tired of the whiplash; despite a reduction in tariffs (which investors typically like), the S&P 500 fell 1.8% yesterday, and the Dow dropped 1%.
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In the jobs realm, the Department of Veterans Affairs announced plans to cut over 80,000 workers; the IRS is preparing to halve its 90,000-person workforce; and the CDC… un-fired 180 employees. Meanwhile, private-sector hiring slowed to just 77,000 in February. It’s the weakest growth since July, compounding concerns of economic slowdown.
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CHRISTIAN PERSPECTIVE
Too often, we let eternally insignificant things like the ups and downs of the market control us. Seeking to steward money well is a good thing, but keep your focus on the Giver rather than the gifts.
[/td]Too often, we let eternally insignificant things like the ups and downs of the market control us. Seeking to steward money well is a good thing, but keep your focus on the Giver rather than the gifts.
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“For you know the grace of our Lord Jesus Christ: Though he was rich, for your sake he became poor, so that by his poverty you might become rich.”
2 Corinthians 8:9 (CSB) (read full passage)
[/td]2 Corinthians 8:9 (CSB) (read full passage)
