U.S. consumers expect inflation to jump in year ahead

The American consumer does not feel so wise about the economy since November 2022, according to a survey by the University of Michigan. It was at this time that annual inflation was 7.1% and that the president of the federal reserve Jerome Powell recognized that the chances of a smooth landing – where inflation is tamed without the economy slipping into the recession – has shrunk.

With American inflation at 2.9% in December and the gross domestic product expanding 2.3% annualized in the fourth quarter of last year, it seemed that the Fed was going to lead the economy safely in the landing track.

But turbulence, in the form of President Donald Trump’s prices, swing on the plane in 2025. Consumers are now expecting one year’s inflation to 4.9%, the same survey showed. Adding to the misfortunes, the American secretary of the treasure, Scott Bessent, said on Sunday that there was “no guarantee” that there will be no recession.

Actions rebounded on Friday, but it was probably because investors were relieved by the lack of new prices that optimism on the markets. As on Main Street, Wall Street’s feeling is definitely time.

Dead cat bounce?
The American markets rebounded on Friday. THE S&P 500 Added 2.13%, the Industrial average Dow Jones increased by 1.65% and the Nasdaq Composite jumped 2.61%. However, the three benchmarks displayed weekly losses, the S&P losing $ 5.28 billions of dollars in about three weeks. Asian-Pacific markets increased on Monday. Japanese Nikkei 225 increased by around 1.2% while yields on long -term state bonds touched summits before the Japanese bank meeting later this week.

Dark on the economy
The Michigan University survey on consumers has published a Reading in mid-March of 57.9 For its consumer feeling index, a drop of 10.5% compared to February and below the estimate of the Dow Jones consensus for 63.2. The one -year inflation prospects increased to 4.9%, the highest reading since November 2022. “Many consumers have cited the high level of uncertainty concerning policy,” said Joanne Hsu, director of the survey.

“No guarantee” to avoid recession
The American secretary of the Treasury, Scott Bessent, said that on “Meet The Press” of NBC on Sunday, the Trump administration “resets” the books of the government and, in doing so, prevent a financial crisis. But Bessent also stressed that there is “no guarantee” that the actions of the administration will not result in a recession. On the stock market correction, Bessent said “that they are normal” and that he is “not worried about the markets”.

Growing consumption in China
Chinese retail sales increased by 4.0% expected during the period of January-February compared to a year ago, according to data published Monday by the National Statistics Bureau. Industrial production climbed by 5.9% During the first two months of 2025, compared to a year earlier, beating expectations. China announced one on Sunday “Special action plan to stimulate consumption“In order to stimulate domestic consumption and revitalize the stock market.

Klarna files for the IPO
Swedish company Klarna, a purchase supplier now pays for subsequent loans, has deposited its IPO Prospectus Friday, and plans to make public to the New York Stock Exchange under the symbol of Ticker Klar. Klarna did not disclose the number of actions to offer or the expected price range. The decision to make public in the United States is a blow for European scholarships, which have struggled to keep local technological companies.

[PRO] US economy data
The report on retail sales in the United States for February, apart from Monday, will confirm whether the feeling of consumer diving has resulted in a decrease in sales – as the CEOs of retail companies prevent. Although market observers do not expect the meeting of the American federal reserve, which will end on Wednesday, will lead to a rate drop, they will listen carefully to Jerome Powell’s comments on the state of the economy.

How the United States loses ground against China in nuclear fusion, because the power of AI requires an increase

China and the United States are in a race to create the first nuclear fusion energy on a network scale. After decades in the United States are at the top of the classification, China catches up by spending twice as much and building projects at record speed.

Often called the holy grail of clean energy, nuclear fusion creates four times more Energy per kilogram of fuel than traditional nuclear fission and 4 million times more than burning coal, without greenhouse gas or long -term radioactive waste.

There is only a big problem.

“The only merger fusion power plants at the moment in the universe are the stars,” said Dennis Whyte, professor of nuclear and engineering sciences at the Massachusetts Institute of Technology.