Wall Street retreat after data increased data with inflation
OS Main Wall Street Indicators They fell on Friday (28), because the data showed that the underlying prices were increased than the cost of exposed last month.
High fuel concerns Donald Trump’s tariff procedures They further enhance inflation.
One Commerce Department Report It has shown that the PCE indicator has increased for the economists to consult by the Reuters Project.
However, with the exclusion of food and energy unstable items, the index increased more than that exposed in the annual base of the previous month, however Consumer costs recovered after the fall of January.
These measures, which have declined significantly over the past month, throw the shadow on the scheme of Trump’s policies that lead to higher inflation and slow -growing era of economy Federal monetary policy reserve.
“This data gives us more reliability to the marginal change we see More ‘Stagflection EnvironmentJordan Rizuto, director of Gammarod Capital Partners Investment, said.
“If inflation increases or warms up before seeing the effect of tariffs, it can be very concerned.”
According to the data collected by the LSEG, the markets are predicting that the Central Bank of the United States will be reducing the debt costs of 25 base points for the first time in July.
Trump’s commitment to committing a 25% tariff on car importsIt is set to begin next week, resonated in global markets, and has attracted criticism from industry leaders around the world.
The automotive sector actions perceive the impact of previous session losses. The General Motors It fell 0.7%while Ford fell 0.8%.
All attention is now focused on A A new wave of tariffs that are USA They are planning to reveal on April 2.
Oh Dow Jones It fell 1.21%at 41,789.61 points. The S & P 500 It fell 1.43%, for 5,611.75 points, however Nasdock Composite It reached 1.94%and 17,459.41 points.
