Markets Start to Rebound, but Uncertainty Lingers
March 17, 2025
Markets closed last week on a high note, although the S&P 500 Index did enter correction territory before Friday’s bounce.1 Now, the market is trying to decide how much uncertainty will slow U.S. growth and whether we can continue to maintain the Goldilocks economy. Inflation remains a concern, with the 10-year Treasury rising approximately 10 basis points last week, finishing at 4.31%.2 The lack of new tariff headlines over the weekend was a positive, and if continues, markets may find some stability.
In the week ahead, retail sales and the Empire State manufacturing survey report today.3 Sentiment appears fairly concerned for both, so those numbers may come in better than feared. Additionally, President Trump and President Putin are expected to speak tomorrow regarding the war in Ukraine.4 Housing starts are slated for tomorrow with the Federal Open Market Committee interest-rate decision on Wednesday, though no surprises are expected.5
Sources:
1CNBC – Dow pops more than 650 points in relief bounce Friday, but still posts worst week since 2023: Live updates; 3/14/25
2CNBC – U.S. 10-Year Treasury Yield; as of 3/17/25
3,5MarketWatch – U.S. Economic Calendar; as of 3/17/25
4CNBC – Trump says he will speak with Putin on Tuesday about ending war in Ukraine; 3/17/25
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