Wall Street Futures Slip on Tariff Concerns and Inflation Outlook

Wall Street futures fell on March 28, 2025, as investors reacted to President Trump’s announcement of a 25% tariff on auto imports. This new move has spurred global market volatility, with auto stocks such as General Motors and Ford experiencing pronounced declines. Investors are watching closely as another round of tariffs is expected to be detailed on April 2, adding to the cautious mood in a market already rattled by tariff policies.

In addition, market participants are anticipating the release of U.S. Personal Consumption Expenditure (PCE) data at 8:30 a.m. ET, which is forecast to reveal higher consumer spending and an increase in core PCE prices to 2.7%. The possibility of a 25 basis point rate cut by the Federal Reserve in July has also been factored in, while gold prices surged as investors looked for safe-haven assets amid the uncertainty surrounding inflation and trade policies.