The biggest impact of tariffs may be growth, not inflation
Stocks (^gspc, ^i tocie, ^dji) have been relieved in a much higher than expected ISM service report and comments from Commerce Secretary Howard Lutnick on the tariffs. However, volatility remains a concern as the S&P 500 declines. Drew Matus, chief market strategist at Metropolitan Life Investment Management, and Tim Hayes, chief global investment strategist at…