Crypto research firm K33 Research said that the Trump administration's "always back down" (TACO) tariff strategy and the upcoming "One Big Beautiful Bill" budget in the Senate could together trigger wild market volatility in June. The TACO theory is based on the observation of Financial Times columnist Robert Armstrong that after President Trump announces high tariffs, he often withdraws or delays implementation due to market reactions, resulting in...
Mr. Powell will be grilled on multiple fronts as investors look for clues about monetary policy at the hearing, which has received "excessive attention" from Mr. Trump.