Customers at the Wegmans Supermarket opening ceremony on February 26. 2025 in Lake Grove, New York, USA
Howard Schnap | Newsday | Getty Images
On Wall Street a saying that he never bets against an American consumer is still worth it – to some extent. Sales in February, although lower than expected, still recorded an increase. For skeptics, this is like a desperate click for a silver lining. That could be. But dark clouds, in the form of US President Donald Trump’s tariff, are more vicious than usual.
Tariffs are, after all, a tax on imported goods that are likely to be transferred to the consumer. This measured the mood of consumers, measured by research such as those at the University of Michigan. Even the director of the US National Economic Council, Kevin Hassett, admitted that Trump’s tariffs would cause uncertainty.
The organization for economic cooperation and development has already reduced its prospects for growth for the US. Although Trump’s administration is convinced that the shares will regain its basics, strategists can also begin to revise the prognosis on the market if the odds are not cleaned.
What you need to know today
Second winning session for US markets
The US market has grown on Monday. IN S & P 500 climbed 0.64%, Dow Jones industrial average was greater 0.85% and Nasdaq composite Advanced 0.31%. It was the second consecutive session of gains for all three indexes. European Regional The Stoxx 600 index added 0.79%. Qinetiq shares rejected almost 21%, crossing to the bottom Stoxx 600After a British defense company revised downwards His chances of revenue for the year.
OECD revises growth forecast
The organization for economic cooperation and development predicts the global growth of the gross domestic product to reach 3.1% this year, which is a drop of 3.3% in its December. Also revised his assessment for the expansion of US GDP up to 2.2% in 2025. of 2.4%. “Higher trade obstacles in several G20 economies and increased geopolitical and political insecurity” are in mood, the OECD said on Monday.
American consumers spend more
US retailer rose 0.2% in FebruaryMissing Dow Jones estimate for an increase of 0.6%, according to Advanced Reading on Monday from the trade department. Accordingly, the number is better than a fall than 1.2% in January – which is steeply revised downward from the original estimate of the fall of 0.9%.
Safety in connection with the uncertainty of the tariff
The director of the US National Economic Council, Kevin Hassett, has admitted that there will be more uncertainty about the tariffs before things collapse. “Between now and April 2, There will be some uncertainty“Hassett said to CNBC, calling on the date when Trump said he would announce” reciprocal “tariff plans”. But as April comes, the markets will see that reciprocal trade policy has a great sense, “Hassett added.
Iran is responsible for houti attacks: Trump
Oil prices rose on Monday After US President Donald Trump said On his social media platform, the truth is to now consider any attack of the Yemeni militant group of Houthis, “as a shot from weapons and leadership of Iran.” The future of raw oil It increased 40 cents, or 0.6%to close to $ 67.58 per barrel. Global benchmarks Brent He gained 49 cents, or 0.69%, settlement at $ 71.07 per barrel.
[PRO] ‘Unpleasant’ dot: Goldman
At the end of the meeting of the Federal Committee for the Open Market on Wednesday, Fed members will announce the updated “DOT Parcel”, a chart showing projections of interest rates in the next few years. Here’s why Dot plot could be “clumsy“According to the Analyst Goldman Sachs.
And finally …
Google Deepmind co-founder and director DEEPMIND DEEPMIND HASSABIS speaks during the Mobile Congress Mobile, the largest annual gathering of the telecommunications industry, in Barcelona, Spain, February 26, 2024.
Pao Barena | AFP | Getty Images
Ai that can reconcile people in any task will be here in five to 10 years, says Google Deepmind CEO
Speaking at the Brifing in London offices Deepmind Monday, Demis Hassabis, the Google Deepmind CEO said he believed that artificial general intelligence – which is smart or smarter than people – will start appearing in the next five or 10 years.
Hassabis’ forecast for achieving agi is conservative compared to some of its peers from the industry. Dario Amodi, AS CEO of AI startup Anthropic, told the CNBC at the World Economic Forum in Davos in January in Switzerland to see the form of AI, which is “better than almost all people on almost all tasks” that appear in the “next two or three years”.
Other technological leaders see that agi arrive before. CISC’s product director Jeeta Patel thinks there is a chance to see an example of AGI to show up this year.
