Reported 2 days ago
In March, US consumer spending rose by 0.7%, despite a disappointing contraction in GDP of 0.3%, raising concerns about an economic slowdown potentially leading to stagflation. While the Personal Consumption Expenditures (PCE) Price Index remained unchanged, inflation pressures may rise due to recent tariffs affecting imports. Analysts express mixed views on the market's reaction, linking weak GDP growth to trade policies and forecasting that consumer behavior may shift with growing employment uncertainty.
Source: YAHOO