The president’s attack on the Fed and a weakening economic outlook mean more pain for the market. An index of future economic activity fell again in March while President Donald Trump continued his attacks Monday on Federal Reserve Chairman Jerome Powell.

The following day, purchasing manager indexes from Japan to Europe to the US will offer the first coordinated glimpse of manufacturing and services activity since Trump’s global tariffs — now partly on hold — were unleashed on April 2.

President Donald Trump's tariffs sparked recession alarm, but data shows a solid economy. Apparent economic strength owes in part to lag in data, experts said.