Wall Street shrinks in response to price pressures, stifling the fears of Trump's prices | Trump prices

The primary clues of Wall Streets fell sharply on Friday, as data highlighted the underlying prices, fearing that Trump's pricing maneuvers can further exacerbate inflationary trends.

All the main USS indices fell on Friday afternoon with the S&P 500, closing 2%, the Dow Jones down 1.7%and the Nasdaq, heavy of technology, dropped 2.7%.

A report by the Commerce Department has shown that the price index for personal consumer expenditure (PCE) has increased according to expectations. However, excluding volatile items such as food and energy, the index increased more than expected on an annual basis the previous month, while consumption expenses rebounded after falling in January.

The PCE price index is the preferred measure of federal inflation and basic PCE reserves to the exclusion of food and energy increased by 2.8% in February, compared to 2.6% in January, still uncomfortably above the target of annual inflation rate of 2%.

The Fed has retained the reduction in interest rates because it monitors the inflation rate citing increased uncertainty for the decision earlier this month.

Adding to the discomfort, the final figures published by the University of Michigan have shown that consumers' feeling has further deteriorated in March at its lowest level since 2022.

Actions have experienced significant reductions in the last month, motivated by concerns that Donald prevails over vacant policies could orient the economy towards an increased inflation period and lukewarm growth, potentially complicating the monetary reserve monetary policy trajectory.

The problem is that we do not know that rules and companies really have trouble with this, said Bob Doll, chief executive officer of Crossmark Investments.

Part of the economic weakness knew and probably more the function of individuals and companies saying: I don't really know what Tomorrows will bring, so I am not a little more careful.

The firm commitment to a price of 25% on automotive imports, which should come into force next week, has weighed on car stocks for a second day, General Motors and Ford falling by more than 2% each.

The attention is now being transformed towards a new series of prices that the United States intends to reveal on April 2, with Trump alluding that these measures could diverge simple tasks of tit-form-tat before.

Simultaneously, a report indicated that the European Union weighs concessions to Trump after the promulgation of reciprocal rates.

Reuters contributed the reports

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