Overview

• India's GDP growth for Q3 2024 reached 6.2%, marking a recovery from the previous quarter but reflecting a broader slowdown compared to earlier years.
• President Trump's announcement of increased tariffs on China, Canada, and Mexico has escalated global trade tensions, with China promising retaliatory measures.
• U.S. consumer spending fell by 0.2% in January, raising concerns about economic momentum as inflation expectations remain sensitive to tariff impacts.
• Bitcoin and major tech stocks experienced significant declines in February, influenced by tariff uncertainties and global economic pressures.
• The Federal Reserve's preferred inflation gauge showed cooling annual inflation at 2.6%, aligning with expectations but leaving economic outlooks uncertain.