Reported 23 days ago
In February, US consumer spending fell short of expectations while inflation metrics increased, raising concerns ahead of President Trump's planned tariff rollout on April 2. The core personal consumption expenditures price index rose 2.8% year-on-year, exceeding the Federal Reserve's target. With existing tariffs on Canada and potential new ones looming, analysts warn of possible recession and sustained inflation impacts on consumer spending.
Source: YAHOO