US stock markets fell sharply Friday after an economic report showed American consumers are growing increasingly fearful of price increases and how President Donald Trump’s tariffs could reignite the inflation crisis.

U.S. stocks fell sharply after reports showed that worries among consumers and businesses about President Trump’s policies may be hitting the economy

U.S. stock indexes are falling sharply Friday after reports showed worries about President Donald Trump’s policies may be hitting the U.S. economy. The S&P 500 was down 1.3% in afternoon trading and on track for its worst day in weeks.