A new survey from the University of Michigan shows Americans bracing for economic pain as tariffs and policy uncertainty bite.

The University of Michigan's Consumer Sentiment Index retreated to 57.9 in March's preliminary reading, well below the 63.1 consensus, from 64.7 in the previous month. "Sentiment has now fallen for three consecutive months and is currently down 22% from December 2022,

President Donald Trump's tariff fight risks elevating the Federal Reserve's preferred inflation rate to about 3%, according to a new baseline estimate from Goldman Sachs. That's a chief takeaway from

Gold climbed to within $10 of its record peak and the safe-haven yen rallied, while U.S. Treasury yields turned lower. Crude oil prices also declined. Hong Kong's Hang Seng slumped 1.4% as of 0545 GMT,

Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans.

Excluding volatile food and energy prices, so-called core wholesale prices fell 0.1% last month from January, first drop since July. Core producer prices rose 3.4%, lower than the 3.8% year-over-year gain in January. The numbers were all lower than economists had expected.

The readout comes as President Donald Trump ramps up his trade war with a wide range of U.S. trade partners, threatening to send inflation higher. He has effectively imposed 25% t

February inflation measured by the Consumer Price Index Wednesday was 2.8% annually and was up a lower than expected 0.2% for the month, seasonally adjusted.

U.S. stock indexes rose Wednesday after Wall Street got some relief from an encouraging inflation update. But even on a rare up day for the market, President Donald Trump’s trade war still knocked stocks around.