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. stocks are falling sharply after reports showed worries about President Donald Trump’s policies may be hitting the U.S. economy. The S&P 500 fell 1.3% Friday. The Dow Jones Industrial

"The best gains have been had and [it] wouldn’t surprise me to see a significant correction,” hedge fund titan Steve Cohen said in Friday remarks.

The decline on Friday accelerated following a trio of economic data releases early in the trading session, which painted a worrying picture about the current state of the economy,