Breaking News

American consumers expect inflation to jump into the year ahead


Eggs for sale at the Manhattan Food Products store on February 25, 2025 in New York.

Spencer Platt | Getty Images

The US consumer has not felt so bright about the economy since November 2022, according to a study of the University of Michigan. At that time, the annual inflation was 7.1%, and the president of the federal reserves of Jerome Powell admitted that the chances of soft landing were narrowed – where the inflation was attributed without the economy to be recession.

With an American inflation of 2.9% in December, a gross domestic product that spread 2.3% annually during the fourth quarter last year, it seemed that the FED was, in fact, that the economy would surely manage down the landing.

But turbulence, in the form of tariff by President Donald Trump, swinging a 2025 aircraft. Consumers are now expecting a one -year inflation to jump to 4.9%, the same research has shown. Adding trouble, US Minister Scott Bessent said on Sunday that there was no “guarantee” that there would be no recession.

The shares bounced on Friday, but that was probably because investors were mitigated by the deficiency of tariff news than optimism about markets. As in Main Street, the feelings in Wall Street are extremely down.

What you need to know today

Dead cat bounced?
US markets bounced on Friday. IN S & P 500 added 2.13%, Dow Jones industrial average increased 1.65% and Nasdaq composite He jumped 2.61%. However, three reference values ​​have released weekly losses, with S&P loss of $ 5.28 trillion in about three weeks. Asian-Pacific markets rose on Monday. Japanese Nikkei 225 It became about 1.2%, even when the yields of long -term state bonds touched the high sides ahead of the Japan bank meeting later this week.

Gloomy about economics
A survey of consumers of the University of Michigan has announced Reading mid -March 57.9 For its consumer feelings, 10.5% fall from February and below the Dow Jones Consesus Assessment for 63.2. IN One -year -old inflation appearance increased to 4.9%The highest reading since November 2022. “Many consumers have cited a high level of uncertainty about politics,” said Joanne HSU, a poll director.

‘No guarantee’ avoiding recession
US Minister Scott Scott Bessent said on the NBC “Meet the Press” on Sunday Trump’s administration is “Resetting” of Government Books and thus Preventing a financial crisis. But Beesent also pointed out that “no guarantee” that the management actions would not result in a recession. At the correction of the shares, the Bessent said “they are normal” and that “they do not care about markets”.

Growing consumption in China
Chinese retail has increased by 4.0% expected In the period from January February a year ago, according to the data they posted on Monday National Office for Statistics. Industrial production climbed 5.9% In the first two months of 2025, compared to a year earlier, winning expectations. China announced on Sunday “Special Action Plan to Strengtill Consumption“In an effort to Increase domestic consumption and revitalize the stock market.

CLARNA FIGES FOR IPO
Swedish company Klarna, a purchase provider now, pays for later loans, has endured its IPO prospectus on Friday and plans Get out on the New York Stock Exchange under the symbol of the mark of Klar. Klarna did not disclose the number of shares that would be offered or expected price range. The decision on the US in the US is a significant blow to European stock exchanges that fought to retain home technological companies.

[PRO] Information on the US economy
US Retail Report for February, on Monday, will confirm whether the recess of consumer feelings has turned into a reduction in sales – as Executive directors of retail companies warn. Although the market observers do not expect the US Federal Reserve meeting, which will be concluded on Wednesday, result in a decrease in the rate, they will Listen Carefully to Chair the Comments of Jerome Powell about the state of economy.

And finally …

Instruments within the target chamber of the National Firing Plant at the Lawrence Livermore National Laboratory in California in 2009.

Tony Avelar | Bloomberg | Getty Images

As the US loses the land of China in nuclear fusion because AI Power needs an increase in

China and now are in the race to create the first nuclear fusion energy online. After being now on the top of the leading board for decades, the cinema is compensated for spending twice as much and building projects at a record speed.

Often called a holy grail of pure energy, nuclear fusion creates four times more Energy per kilogram of fuel from traditional nuclear fission and 4 million times more than coal burning, without greenhouse gases or long -term radioactive waste.

There is only one big problem.

“The only working fusion power plants are currently in space,” said Dennis Whyte, a professor of nuclear sciences and engineering at the Massachusetts Institute of Technology.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Social Media Auto Publish Powered By : XYZScripts.com