Brent Donnelly observes that recent statements from the Federal Reserve show increasing concern about both persistent inflation and rising unemployment, indicating a potential stagflationary environment.

As of March 26, the market is pricing in a 72% probability of an interest rate cut by the European Central Bank in April.

Brent Donnelly believes that US clients of a Canadian packaging machine company have already purchased their required inventory for the next 12 months to preemptively avoid potential tariffs.