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Apollo's chief economist: In the coming weeks, the USA economy will face a series of shocks.
Torsten Slok stated that the recent soft data in the USA is showing signs of weakening economic activity, which may soon affect the performance of hard data; the current USA economy also faces two major shocks from government layoffs and increased tariffs, and inflation levels are expected to remain high for a long time. It is anticipated that Powell will express more concerns about the "weakness of hard data" at the FOMC meeting on the 19th, focusing on growth issues.
Mark Lashley: The uncertainty brought by Trump's policies makes the USA economy "difficult to sustain".
Marc Lasry, the billionaire co-founder of Avenue Capital Group, stated that the uncertainty surrounding Donald Trump's policies, especially regarding tariffs, is hindering investors looking to capitalize on market opportunities.
Tariffs intensify inflation, deepening concerns over an economic recession, and consumers in the USA are starting to struggle.
The USA consumer market is showing signs of weakness, with spending becoming more cautious from supermarket consumers to high-end travelers. Several industry giants have warned in their earnings reports meetings that first-quarter sales fell short of expectations, and the outlook for the year may be more severe than Wall Street predicts. High interest rates, sustained inflation, fluctuating tariff policies, and government layoffs are exacerbating market uncertainty, leading to a noticeable decline in consumer confidence.
Trump: The USA economy will experience unprecedented prosperity.
Gelonghui, March 14|Trump said on Truth Social: "Our economy will experience unprecedented prosperity"!
In March, consumer confidence in the USA sharply deteriorated, with inflation expectations soaring under the tariff war.
① The preliminary value of the USA Michigan University Consumer Confidence Index for March is 57.9, the lowest since November 2022, with inflation expectations rising from 4.3% in February to 4.9%; ② Trump's tariff policies and measures by the Department of Efficiency may drive up prices, weaken economic growth, and raise concerns about a recession.
Consumer confidence in the USA has hit a new low in over two years, with long-term inflation expectations seeing the largest increase since 1993.
In March, the preliminary value of the Michigan University Consumer Confidence Index in the USA was 57.9, significantly lower than the expected 63, with the previous value in February being 64.7.