Economy

Fed report predicts lenders would survive “elevated business bankruptcies and outsized losses” in junk bonds, but investors would suffer.

“CFO optimism, while still strong, appears to be on the retreat amid concerns around global trade and interest rates.”

Economy ministers from the two countries expect “common sense” to prevail this fall in NAFTA re-negotiation.

Some companies are boosting production in anticipation of tariffs. Others are scrambling to find new markets for perishable products and holding off on hiring and capital investments.

Meanwhile, president of National Foreign Trade Council warns: “This can't be a mechanism to start raising tariffs on everything. There'd be no end to it.”

Tariffs proposed by the Trump administration would benefit some companies, hamstring others.

CBO projects that recent tax cuts and spending increases will push the federal budget deficit past the $1 trillion milestone two years earlier than expected.

Bloomberg's dollar gauge slips most since January.