Wall Street Dips Amid Tariff Uncertainty, Consumer Confidence Falls

U.S. stock futures showed volatility as investors remained cautious ahead of upcoming tariffs and economic data. Recent statements from President Trump suggested some countries might receive exemptions from the tariffs set to take effect on April 2, offering a temporary sense of stability. However, uncertainty surrounding the tariffs and their potential impact on the global economy has led to a significant decline in U.S. consumer confidence, now at its lowest in over four years. Analysts warn that this economic instability could lead to job cuts in investment banking due to deteriorating deal prospects. As investors shift focus from U.S. equities to other opportunities, concerns persist that tariffs may stoke inflation and hinder economic growth. The markets are poised for critical updates, particularly the personal consumption expenditures price index due soon, which could influence future Fed actions.