The US economy is facing uncertainty due to impending tariffs, which could worsen inflation and hinder growth. The Federal Reserve's Personal Consumption Expenditure (PCE) data has slowed as expected, boosting hopes for an interest rate cut in June. Market sentiment remains fragile, with traders closely watching the consequences of tariff increases, particularly from China, Canada, Mexico, and Europe. Gold prices are likely to remain volatile, while oil prices were unaffected by recent market fluctuations. The European Central Bank is expected to announce its interest rate policy next week, with a higher likelihood of a rate cut due to the ongoing economic downturn.
https://www.brecorder.com/news/40350904/us-economic-indicators-growth-and-business-activity-tapering