Reported 1 day ago
U.S. business activity nearly stagnated in February, with escalating fears over tariffs and government spending cuts impacting sentiment significantly. The S&P Global Composite PMI fell to a 17-month low, reflecting growing caution among businesses and consumers. Inflation expectations among consumers surged, highlighting concerns over rising prices linked to tariffs. The Federal Reserve is likely to maintain its current policy stance amidst these developments, as concerns shift towards inflationary pressures and a potentially weakening economy.
Source: YAHOO