March saw inflation cool to 2.3%, providing a degree of relief as the economy's GDP contracted by 0.3%. Despite the drop, experts predict the Federal Reserve will maintain current interest rates due to ongoing economic concerns, including tariff impacts and consumer behavior. Consumer spending rose solidly, with strong vehicle purchases, although economists caution against interpreting this as a definitive economic turnaround amidst fears of stagflation. The latest data raises questions about monetary policy as President Trump's administration navigates economic challenges stemming from tariffs and shifting consumer demands.