Softer economic data from the US is hindering recovery and negatively impacting consumer sentiment, which relies on increased spending. However, the risk of rising consumer inflation in the US over the next few months has significantly increased, potentially leading to a higher unemployment rate.

This recent decline can be attributed to concerns over tariffs on imported goods and the sudden shift in US government policy aimed at reducing spending. The likelihood of a trade war could adversely affect the global economy.

Additionally, the recent US economic indicators do not inspire confidence regarding inflation and overall economic conditions.

Last week, Trump reiterated his position by stating his intention to impose a 25% tariff on the automobile, electronics, and pharmaceuticals sectors. Expanding his list of tariffs, he included forest products and lumber.

Given the new administration’s policies, the risk of a slowdown in the US economy in the coming months remains elevated. Meanwhile, the Federal Reserve’s FOMC minutes indicated that the central bank is concentrating on potential inflation

impacts rather than succumbing to the........

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