Reported 2 days ago
In March, U.S. business activity saw a rise, as reported by S&P Global, but concerns over tariffs and government spending cuts continued to diminish overall sentiment. The PMI index indicated a recovery in services, while manufacturing slipped into contraction. Despite the uptick in activity, fears of slow growth and high inflation loomed, influencing consumer confidence negatively. The Federal Reserve has moderated its growth expectations, with inflation pressures evident from rising input costs.
Source: YAHOO