#BTC震荡 Why has BTC been fluctuating recently? In March, consumer confidence in the U.S. plummeted, and inflation expectations soared. The reason is that people are worried that President Trump’s comprehensive tariff policy will drive up prices and weaken the economy. Trump's tariffs have triggered a trade war. The University of Michigan released its consumer confidence index, which fell from a final value of 64.7 in February to 57.9. This index has erased all the gains made since Trump won the election in November last year. Consumers' 12-month inflation expectations jumped from 4.3% in February to 4.9%. Over the next five years, consumers expect the inflation rate to reach 3.9%. The impact of tariffs and the escalation of the trade war have disrupted financial markets, leading to a sell-off in the stock market, which has also contributed to the bleak sentiment this month. A poll showed that 57% of respondents believe Trump’s measures to revive the economy are too unstable, including significant cuts to government spending and large-scale layoffs of federal workers; 53% believe the trade war has more disadvantages than advantages.
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