The S&P 500 index dropped to the 5,695-point range due to a disappointing jobs report and uncertainty linked to former President Trump's tariff policies. In February, nonfarm payrolls increased by only 151,000, while the unemployment rate slightly rose to 4.1%. Although exemptions from some tariffs were granted, concerns about their long-term impact on the economy persist. Analysts warn that the inconsistent labor market and tariff uncertainty may undermine consumer and business confidence, challenging the Federal Reserve as it prepares for future interest rate decisions amidst inflation pressures.
Trump's trade policies have caused market volatility, with a partial exemption from tariffs providing temporary relief amid ongoing uncertainty regarding the economy and financial stability.
Market analysts have indicated that an uncertain labor outlook combined with fluctuating tariff policies might harm consumer and business confidence, affecting inflation.
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