Consumer prices were 2.3% higher in March than the same month of 2024, down from 2.6% in February, despite fears that U.S. tariffs and extra defense spending could lead to an inflationary rebound.

Today’s Forbes Daily covers global markets bracing for new tariffs, Charlie Javice found guilty, Visa’s side hustle fighting fraud, a TikTok deal to come and more.

Goldman Sachs (GS) has sounded the alarm bell on the US economy ahead of President Trump's unveiling of reciprocal tariffs later this week. The takeaway? Trump's so-called "Liberation Day" package could end up liberating the inflation beast.

U.S. stocks saw a selloff accelerate on slightly hotter-than-expected inflation data and ongoing tariff worries that could keep Fed rates on hold.

Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the US economy before the brunt of tariffs.

After peaking following the 2024 election, overall consumer confidence fell again in March to its lowest levels since the pandemic.

Stock futures are pointing to a sharply lower open for major indexes on Monday as investors await announcements on a new batch of tariffs the Trump administration has said it will implement this week.

Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill. In a note Sunday, the firm said "we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.