NBC News’ Christine Romans breaks down the latest on the market reaction to President Trump's tariffs. MacroPolicy Perspectives LLC founder Julia Coronado, New York Times chief White House corresponde...

In Silicon Valley, a popular slogan is "move fast, break things." But Wall Street and the New York Stock Exchange, in contrast, favor stability and predictability — and they have little appetite for chaos. Chaos, however, has been a prominent ingredient of President Donald Trump's first two months back in the White House — from tariff proposals to mass layoffs of federal workers. And according to Julia Coronado, president and co-founder of MacroPolicy Perspectives (an economic consulting firm), the chaos of Trump's second term is making Wall Street very nervous. In a Q&A interview with Politico's Sam Sutton published on March 31, a frustrated Coronado lamented, "We had a pretty great setup for Trump. Why would he mess with that?" READ MORE: 'Very bad': How Trump's tariffs are causing misery on both sides of the Canadian border When Politico asked Coronado, a U.S. Federal Reserve economist, what she was "certain of," she replied, "I'm certain of absolutely nothing." Coronado told Politico, "I'm not even certain which direction interest rates are going next. I have baseline scenarios, and ways to think about it, but we are seeing just a tremendous and intentional disruption to the status quo." The Wall Street insider stressed that Wall Street doesn't like uncertainty. "When there is low confidence in markets," Coronado told Politico, "you tend to see these ebbs and flows where you get some periods of volatile repricing. When the uncertainty is high, it's not like active investors are putting a lot of capital to work or making big bets. That means the market is more driven by trend followers — passive money. So you get repricing, and then a period of calm." READ MORE: 'There are methods': How Trump could try to stay in power after his second term ends Coronado added, "That's what I think we're seeing right now. We have this volatile moment (where) investors are tuning into the fact that — at a minimum — Trump 2.0 is going to be quite a bit different from Trump 1.0. There are definite risks to growth and — maybe — he's not as sensitive to the stock market as we thought." MacroPolicy Perspectives noted some of the ways in which Trump is promoting chaos during his second term — and how that can affect Wall Street. "There are so many dimensions of risk right now," Coronado warned. "If you pull back your spending from a bunch of sectors and then they stop hiring and investing, does that cause a recession? Do tariffs lead to a burst of inflation that dampens consumer demand and crimps profit margins? These are the standard economic impacts of the policies that we can understand with the greatest clarity. But there are a couple of other elements." Coronado continued, "One — let me categorize it this way — is the breakdown in the rule of law. This administration is aggressively taking actions that are being challenged in courts. They're ignoring court decisions. That can affect the economy. It can affect market functioning. It’s hard to say when and exactly how, but we always talk about one of the reasons (for) U.S. exceptionalism is stability, rule of law, clarity of contract law and a stable operating environment. We're really disrupting that right now." READ MORE: 'Unbelievable': Agencies 'scramble' as this ruby red state loses federal funding Read Politico's full interview with Julia Coronado at this link.

A conversation with market watcher Julia Coronado, who says investors are worried that Trump’s appetite for disruption is higher in his second term.

Tariff threats partly to blame for ‘striking’ increase in central bank’s US inflation forecasts, say economists

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ALT: Police Noob Chase

Some data on consumption, production and hiring can be estimated using private sources, but inflation remains a blind spot.

Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Stocks rise after data showed US employers unexpectedly cut jobs in July. Meanwhile, oil wavers as prospects for a lasting agreement to reopen the Strait of Hormuz remain elusive. National Economic Council Director Kevin Hassett, BlackRock’s Rick Rieder and Julia Coronado of MacroPolicy Perspectives react to the surprising jobs report and what it means for the economy and Fed policy.

It's basically an economist’s version of a Taylor Swift concert: the Kansas City Fed's annual Jackson Hole Symposium.

No existe el momento perfecto para una gran decisión. Pero cuando contacté a Julia Coronado, el presidente de la firma de consultoría de economía Macropolicy Perspectives, para preguntar si es un buen momento para tomar un riesgo financiero significativo, al menos en el sentido relativo, su respuesta de correo electrónico sucinta fue reveladora: "Lol, la respuesta corta es no!" Dado lo complicadas que pueden ser las transacciones importantes, hay muchas advertencias y contraejemplos.

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Floating exchange rates were meant to absorb shocks. This essay shows how, in emerging economies, they have often magnified crises instead. by Michael Debabrata Patra, BasisPointInsight.com

As alarmist calls on the rupee clash with the IMF’s own labels, this piece asks why exchange rates matter, and why stability cannot be left to markets alone. by Michael Debabrata Patra, BasisPointInsi...

The MPC cut rates despite the rupee’s wobble, signalling what policy has long implied. The currency is simply not a factor in the RBI’s rate calculus. by BasisPoint Groupthink, BasisPointInsight.com