Analyst: March PMI data shows concerns as U.S. economic growth slows and inflation rises

ChainCatcher news, according to a report by Golden Ten Data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, stated that preliminary PMI survey data for March indicates a concerning situation with slowing US economic growth and rising inflation. Businesses reported that uncertainty from conflicts and the impact of living costs are affecting demand, and nervousness in financial markets as well as limited payment abilities have intensified the issue. The survey shows consumer price inflation has rebounded to around 4%, suggesting the US may face the risk of stagflation, and the Federal Reserve will need to balance upside inflation risks with weakening economic growth momentum.