Consumer sentiment has turned south as high prices weigh on households. Could that crimp big pieces of the president’s economic agenda, including tariffs?

Stubbornly high inflation is beginning to weigh on households, with sentiment souring fast, economists note.Brandon Bell/Getty ImagesRising prices hit a trade war

President Trump isn’t backing off his tariff threats, despite the potential risk to the U.S. economy and financial markets.

That puts additional focus on the latest Personal Consumption Expenditures report, the Fed’s favored inflation measure. It’s due for release at 8:30 a.m. Eastern.

The question is whether lingering inflation also will have big implications for the Trump agenda, with some economists predicting that tariffs will raise inflation and lower growth, even if the target countries don’t retaliate. Friday’s report is expected to show only slight relief for consumers.

Economists worry about a hot P.C.E. reading, which could

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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