Afternoon Update – Tariff Uncertainty/Flip-Flopping Take A Toll

On top of tariffs uncertainty heading into next week’s April 2nd deadline, inflation measured by the core-PCE Index, the Fed’s preferred read, increased 0.4% month-over-month, which left it up 2.8% year-over-year versus 2.7% in January. Also, the final March University of Michigan Index of Consumer Sentiment declined to 57.0 from the preliminary reading of 57.9….