Stocks dropped by some of their steepest point values since COVID-19 late last week after President Trump introduced tariffs targeting multiple nations, including the EU, Canada, and China.

These tariffs, reaching levels not seen since the 1930s, prompted significant market declines as market analysts predicted a major shift in global trade. President Trump later eased concerns by indicating that the tariffs were open to negotiation. Meanwhile, a bright spot appeared when FedWatch data suggested the central bank might cut interest rates at its upcoming meeting.

Looking ahead to next week, investors will track the continuing tariff developments and review key economic reports. The latest Federal Open Market Committee (FOMC) meeting minutes may reveal a cautious stance, particularly given the steady inflation patterns. Observers will also watch the Consumer Price Index (CPI), which rose by 0.2% in February following a 0.5% gain in January. Analysts expect another 0.2% uptick for March, a factor that could weigh on the central bank’s policy decisions as it navigates rising inflation against the backdrop of broadening tariffs.

Given this economic backdrop, let us see how this impacts the performance of various investment strategies.