TechFlow news — On March 28, according to Jinshi Data, data showed that in February, the inflation gauge favored by the Federal Reserve continued to rise at a stubborn pace, while the monthly personal spending rate missed expectations, indicating weaker-than-expected household demand. This suggests consumers have become more cautious amid growing concerns over financial conditions. After the data release, stock index futures declined further, and Treasury yields remained low. Swap traders continue to price in two 25-basis-point rate cuts this year, with the first cut expected in July.
Today's report indicates persistent inflation that remains difficult to tame, while Trump's proposed tariffs could further intensify price pressures. His aggressive trade policies have already dampened business and consumer confidence, and combined with signs of increasing household financial stress, have raised concerns about the economy potentially falling into stagflation or even recession.
