Core inflation rises ahead of Trump tariff announcement

We’re going to have a market the likes of which nobody’s ever seen before.”

He forecast $600 billion to $1 trillion in tariff revenue “a year from now” and said

Consumers have expressed their concern,

said Mark Hamrick, senior economic analyst at Bankrate

With all this change, a dense fog has fallen,

Federal Reserve Bank of Richmond President Tom Barkin said in public remarks Thursday

Americans are continuing to feel the lingering effects of four years of economic disaster under Joe Biden,

a White House spokesperson said in a statement Friday

You’re going to see things that are going to be actually amazing,

Trump said

Bob Dollamerican basketball player

The problem is we don’t know the rules and businesses really struggle with that,

said Bob Doll, chief executive officer of Crossmark Investments

Thanks to the significant investments we have made up to this point, we are well positioned to meet our current and increasing customer demand,

a Microsoft spokesperson said,

Despite today’s selloff and broader market volatility of the past few weeks, there have not been big inflows into money markets. It seems like a lot of investors are trying to ride this out,

he said

The market is getting squeezed by both sides. There is uncertainty around next week’s reciprocal tariffs hitting the major exporting sectors like tech alongside concerns about a weakening consumer facing higher prices hitting areas like discretionary,

said Scott Helfstein, head of investment strategy at Global X, told CNBC

While we may strategically pace or adjust our infrastructure in some areas, we will continue to grow strongly in all regions,

the spokesperson said

No matter how you want to slice it, it's shaping up to be a very weak quarter for real spending, and it may end up being the weakest quarter since the depths of the (pandemic) lockdowns,

Inflation Insights President Omair Sharif wrote

The PCE report for February makes grim reading,

wrote Evercore ISI Vice Chair Krishna Guha

Susan M. Collins (economist)boston Fed President

It looks inevitable that tariffs are going to increase inflation in the near term,

Boston Fed President Susan Collins -- who has a vote on the US central bank's rate-setting committee this year -- said Thursday

The data support our view that downside risks to the economy are emerging, but with inflation heating up, the Fed for now will maintain its wait-and-see approach,

Nationwide chief economist Kathy Bostjancic wrote in a note to clients

UMich isn't the greatest measure, but I think directionally, it tells you something important,

said Roth from Wolfe Research

They're kind of in wait-and-see mode for awhile,

Wolfe Research chief economist Stephanie Roth told AFP

So today probably doesn't really change the narrative that much for them,

she added

We think the proposed tariffs as announced would deliver a big hit to the auto industry, stoking higher costs, higher prices and a sharp decline in US sales,

said Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management, in a note Thursday

While the economy appears solid, business executives are adopting a cautious stance on new investments, largely due to the Trump administration’s aggressive and unpredictable tariff policy,

said Matt Stephani, president of Cavanal Hill Investment Management, in an email

There is no doubt that just as yesterday’s market session was dominated by worries about tariffs, today’s session and the sessions until April 2 (“Liberation Day”) will also see traders preoccupied with tariffs,

said Thierry Wizman, global FX and rates strategist at Macquarie, in a Thursday note