News

US consumer sentiment plunges on tariff fears, inflation expectations jump

WASHINGTON (Reuters) -U.S. consumer sentiment plunged to a nearly 2-1/2-year low in March and inflation expectations soared amid worries that President Donald Trump's sweeping tariffs, which have ignited a trade war, would boost prices and undercut the economy. The deterioration in sentiment and inflation expectations reported by the University of Michigan Surveys of Consumers on Friday was across political party affiliation, with consumers saying "frequent gyrations in economic policies make it very difficult for consumers to plan for the future."

Quant Investor With 40% Cash Can't Wait to Plunge Back Into the Market

(Bloomberg) -- As the equity selloff hit Wall Street late last month, Vance Howard’s quant program flashed sell signals across his portfolio teeming with high-priced tech companies, fueling a $1.8 billion liquidation and a now-40% cash position.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY Re