07 February 2025
President Donald Trump said he would soon announce a plan on reciprocal tariffs on American imports.
The major averages flipped into red territory this morning after US consumer sentiment sank to a seven-month low in early February. Inflation expectations jumped amid concerns about Trump's tariff threats.
Americans now expect an inflation rate of 4.3% over the next year, a full percentage point higher than last month, the University of Michigan survey found.
The 10-year Treasury (^TNX) yield rose to a session high of 4.5% in the wake of the sentiment update and the monthly jobs report. That report saw US economy added 143,000 jobs in January, missing economist expectations, but still showing signs of resilience in the labor market. Unemployment ticked down to 4.0%, from 4.1% in December.
The major averages flipped into red territory this morning after US consumer sentiment sank to a seven-month low in early February. Inflation expectations jumped amid concerns about Trump's tariff threats.
Americans now expect an inflation rate of 4.3% over the next year, a full percentage point higher than last month, the University of Michigan survey found.
The 10-year Treasury (^TNX) yield rose to a session high of 4.5% in the wake of the sentiment update and the monthly jobs report. That report saw US economy added 143,000 jobs in January, missing economist expectations, but still showing signs of resilience in the labor market. Unemployment ticked down to 4.0%, from 4.1% in December.
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