The Delayed Impact of Tariffs

Published on October 9, 2025

The full impact of U.S. import tariffs on the broader economy has yet to be felt and may not happen for some time—or even at all. Economic distortions from tariffs are still filtering through the global economy, but so are offsets such as fiscal and monetary stimulus, as well as spending on artificial intelligence (AI).

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Financial Markets Look Beyond the Government Shutdown

October 9, 2025
The US government shut its doors on October 1. Republicans and Democrats couldn’t agree on a spending bill, so non-essential portions of the government are closed until further notice.

Morgan Stanley Recommends 60/20/20 Portfolio With 20% Allocated to Gold

October 9, 2025
For years, mainstream investment gurus have steered clients away from gold. But with the yellow metal gaining more than 87 percent since January 2024, it’s getting hard to ignore the yellow metal.