A fresh look at the pace of inflation will test the U.S. stock market in the coming week, as investors worry that President Donald Trump's tariff plans are endangering Wall Street's hopes for interest rate cuts this year.

U.S. stocks are slipping Friday after a discouraging report suggested U.S. consumers are bracing for higher inflation, while a separate update gave a mixed picture of the U.S. job market. The S&P 500 was 0.

U.S. stocks slumped Friday amid worries about higher inflation and tariffs, while a closely watched report gave a mixed picture of the U.S. job market. The S&P 500 was down almost 1%, and the Dow Jones Industrial Average fell more than 400 points,

The latest consumer sentiment data showed near-term inflation expectations rose to their highest level since November 2023.

U.S. stocks are slumping amid worries about higher inflation and tariffs. The S&P 500 fell 0.9% Friday and erased what had been a modest gain for the week. The Dow