With record levels of dry powder available for investment, find out what's in store for private markets in 2025 and beyond.

Listen to crafting capital in partnership with UBS at partners.wS.J.com slash UBS, Spotify and Apple Podcasts.

Here's your money briefing for Wednesday, March 12th.

I'm Mariana Aspuru for the Wall Street Journal.

Uncertainty around President Trump's trade war and rapidly changing tariff news is starting

to spook consumers.

There are a good number of people who are holding off on big ticket purchases because they're so uncertain.

Some of it is about the cost of the actual good, but it's more just the sense of unease and that if you're really worried about things, you should just batten down the hatches financially.

We'll talk to Wall Street Journal reporter Rachel Louise Enzine

about how this uncertainty could weigh on economic growth.

That's after the break.

Americans love using their credit cards, the most secure and hassle-free way to pay,

but DC politicians want to change that with the Durban Marshall Credit Card bill.

This bill lets corporate megastores pick how your credit card is processed, allowing them to use untested payment networks that jeopardize your data security and rewards.

Corporate megastores will make more money and you pay the price.

Tell Congress to guard your card because Americans lose when politicians choose.

Learn more at guard your card.com.

President Trump's recent tariffs on China, Canada, and Mexico have caused some consumers to hold back on purchases.

Wall Street Journal reporter Rachel Louise Ensign joins me.

Rachel, we saw a whiplash with the Trump administration's levies on trade.

Catch me up on where the tariffs stand right now.

So Trump has gone back and forth on tariffs a lot since he took office.

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