A SOLID US jobs report has assuaged some swirling concerns about a rapid growth slowdown, but with policy uncertainty surging and tariff headlines keeping the outlook for risk assets murky, Wall Street sees little to cheer.
US job growth in February was just shy of estimates and the unemployment rate edged up to 4.1%, but investors were bracing for a more dour outcome after a recent spate of worrisome data.
After a punishing sell-off in stocks last week, however, markets remained consumed by uncertainty over trade policy and deep federal government spending cuts that could erode the labor market’s resilience in the months ahead.
...