Markets & Economy
The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.
With the midterm elections now less than three weeks away, it’s time to look at the battle for control of the House of Representatives. Republicans currently hold a 236-193 majority, with a half-dozen seats vacant. Will they hold on? Or will Democrats seize control for the first time since 2011?
It is now graduation time for many high school students. But not all of the new graduates are headed to college right away. Gap years are growing more popular with students taking a year off to mature before taking on the next step in their education.
Global stocks gave up roughly half of their recovery from the February correction last week as President Trump previewed his plan to impose a 25% tariff on steel imports and 10% on aluminum. Not every new tariff constitutes a trade war—metals have often been a target of U.S. tariffs with steel tariffs imposed by each of Trump’s recent predecessors in the White House. Although small in economic impact, these tariffs are symbolically important.
Every month in the immediate aftermath of the release of The Conference Board Leading Economic Index (LEI) I put together a small deck together for Schwab’s Operating Committee highlighting the overall data and some of the key takeaways. The latest report—out last week—was notable in its strength; and in stark contrast to the worries expressed by some clients lately about the risk of a recession in the near term.