US stocks sink as deepening consumer gloom raises stagflation fears

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Friday Wall Street has fallen, as the signs of tension among American consumers have increased that the United States is traveling to bekan.

On Friday, the data batch added fresh evidence that consumers are deeply concerned about how Donald Trump’s cleaning tariffs will affect the world’s largest assessment.

The gloomy data comes at a time when investors are worried that Trump’s commercial charges, which are combined with a wider vague, will stimulate US economic growth. The new reports sent to investors who rushed to US stocks and possessions.

On Friday, Wall Street Blue-Chip S & P 500 has occurred during Friday, and Tech’s central NASDAQ composite is low. The debt of the US government has gathered, driving 0.09 percentage points for the 10-year treasury – 4.28%.

The inquiry of Michigan University issued Friday showed that the consumer mood was fallen in March, as the Americans are worried about their job prospects. Inflation and income levels. Households predict inflation by 4.1%, the highest since 1993.

“The fall of this month [in sentiment] Reflects clear agreement in all demographic and political affiliations, “said Michigan University.

It added.

Consumer’s expenses, while last month, 0.4 percent from 0.3% decline in January, but not as strong as the separate report of the US Bureau of Economic Analysis.

Senior Pantheon Senior Macroeconomic Economist Oliver Allen has said that the consumer’s expenses are “disappointing”, and that “the growth of demand is also slow.”

Goldman Sachs has reduced its forecast for the first quarter of GDP in response to a 0.4 percent rate of 0.4 percentage points, the growth of personal expenditures “milder than expected” in February.

Atlanta Fed also cuts the forecast of the first quarter to show the scores of 2.8 percent a year, compared to 1.8 percent on Wednesday. Its model has been opposed to Wall Street banks that expect widely growth in the early 2025.

On Friday, the Bea report also showed that the main reading of personal consumption cost index increased by 2.8% in February.

Economists expected the index, a way closely monitors the food and energy, up to 2.7 percent, from the pace of the revolved from January. The main figure of PCE last month increased by 2.5 percent from January.

Fed in the beginning of this month Promoted its prediction For inflation and cut its growth prospect. Fed Chair Jay Powell then said that the US economy was still in good condition, and the Central Bank should not “rush” after reducing the last year’s 1 percentage point last year.

However, Fed Chicago Branch President Ostan Golsbe said this week in financial times that the Central Bank was No more on a “golden way” In 2023 and 2024, when inflation seemed to be a 2% target without economic growth or unemployment.

“We are moving in the wrong direction and the concern is that tariffs are threatened at higher prices, which means that inflation prints should be heated.