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(Bloomberg) -- As US stock prices tumbled this month, John Sidawi, a fund manager at Federated Hermes, noticed something strange. Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?Gold-Rush Fever Returns to Historic New Zealand Mining TownHow SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesThe dollar, long a go-to hiding place during market selloffs, wasn’t ra

(Bloomberg) -- Oil fell on concerns that the Trump administration’s tariff onslaught will reduce energy demand.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordWest Texas Intermediate slid 0.8% to settle above $69 a barrel, retreating

Government data on Friday showed underlying inflation rose 0.4% in February - the most in more than a year - and a survey from the University of Michigan showed consumer inflation expectations rose. "One hundred percent of my focus is on what's happening with inflation," Daly told Reuters on Friday in a follow-up call from an interview on Thursday. "The progress there hasn't been so decisive that I'm comfortable starting any kind of rate path declines right now."

Renewed inflation fears, plummeting consumer confidence and rising doubts about the payoff from artificial intelligence touched off a fresh round of heavy selling in stocks Friday.

Germany's Finance Minister Joerg Kukies warned on Friday that U.S. tariffs would hit both the German and the U.S. economies and that Berlin was working to prevent an escalating trade war. Kukies made the statement to Reuters after meeting his U.S. counterpart, Treasury Secretary Scott Bessent, and other members of the Trump administration in Washington. Export-oriented car companies in Europe, most notably Germany's big automakers, are heavily exposed.

(Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 592 in the week to March 28. Baker Hughes said this week's decline puts the total rig count down 29 rigs, or 5% below this time last year.

(Bloomberg) -- Treasuries rallied after data suggested US economic growth is slowing, and falling US stock prices stoked demand for bonds. Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Catastrophic Ship StrikesCharter Schools, Colleges Push Muni Debt Distress Near RecordThe advance on Friday send yields across matur