If you thought your Sunday scaries were bad, spare a thought for the policymakers at the Federal Reserve.

The Central Bank will set interest rate policy Wednesday, coming off new economic data that seemed decent enough to hold off on hikes… but that was before oil prices yo-yo’d and President Donald Trump renewed calls for a rate cut. Here’s what economists think.

Trump was in Michigan today, where he toured a GM plant, defended his tariff policy and signed the hood of a car. He was very much not there to celebrate the opening of a $4.5 billion bridge to Canada, meant to ease trade at a time when America’s relationship with its northern neighbor is quite tense. That’s where we’ll start today. — Tony Wagner , newsletter editor

Johanne Couture has been driving a truck for 32 years.

She’s based in Ontario and crosses the U.S.-Canadian border multiple times a week. She is pumped to have the Gordie Howe Bridge as an option for future drives.

“It'll be faster, it'll be less congested,” Couture said. “You know, different people will go to different bridges.”

An economic analysis of the Gordie Howe estimates the new bridge will save truck drivers 850,000 hours annually.

Couture owns and operates her own truck-driving business and said for her, that could translate to an additional 3-5% each year in revenue.

“You know there's going to be a lineup, but a half-hour lineup versus a three-hour lineup is two-and-a-half-hours of making money time that I don't lose in my day,” she said.

And when trucks are running on time, that helps everyone else stay productive, said Jason Miller, a professor of supply chain management at Michigan State University.

“It reduces the chance that a factory could run out of parts because, hey, a truck gets delayed two or three hours on the bridge … and you’re basically at a standstill which could cost hundreds of thousands of dollars an hour,” Miller said.

However, he said this reduction in friction is being counteracted by the tariffs both countries have in place.

In 2025, the U.S. exported fewer goods to Canada than the year before — and imported fewer, as well. So, even if it’s a smoother ride across the border, both countries still have to want to buy each other’s stuff.

After the Supreme Court cleared the way, more than 330,000 people from Haiti are set to lose their Temporary Protected Status today, which means the American labor force is set to lose about 200,000 workers all at once.

The U.S. economy has something like 160 million workers, but it’s important to know Haitians with TPS are very concentrated, by geography and industry. Care facilities in Florida will feel the blow.

One more note on trade to wrap things up here. We say it all the time: American businesses and consumers pay Trump’s tariffs. But they still cost foreign firms who rely on low import taxes. Take ultrafast-fashion phenom Shein.

The company is still growing, it sent out a billion orders in 12 months, but President Trump’s executive order closing the tariff loophole for low-value packages helped take Shein from $395 million in quarterly income to a $99 million loss within a year. In part of its paperwork to go public in Hong Kong, the retailer said it may raise prices for American customers. So, again, you’re paying for it.