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EU preparing further countermeasures against U.S. tariffs if negotiations fail: EC President von der Leyen

Payroll gains were stronger than expected in March, countering fears that the labor market and economy are slowing.

As the U.S. president weighs increasing tariffs on imports, economists find that prices across many categories could rise as a result.

President Donald Trump is set Wednesday to begin the biggest gamble of his nascent second term.

Euro zone inflation dipped to 2.2% in March, as expected, according to flash data from statistics agency Eurostat published Tuesday.

German inflation came in at a lower-than-expected 2.3% in March, preliminary data from the country's statistics office Destatis showed Monday.

The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3%.

A broad, negative impact will be felt in the economy when the new trade moves are enacted, the Goldman economic team believes.

The closely watched survey showed a reading of 57.0 for the month, down 11.9% from February and 28.2% from a year ago.

The PCE price index was expected to increase 0.3% in February while spending was projected to rise 0.5%.