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(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

However, Susan Collins said the inflation could be short-lived.

WASHINGTON (Reuters) -The U.S. Federal Reserve's seemingly locked-in path to a soft landing, already roiled by the arrival of the Trump administration, may be growing even more complicated as evidence of consumer caution about spending starts to align with new inflation risks and another jump in inflation expectations. Consumer spending and inflation data for February accentuated the point, with spending near zero once adjusted for inflation and a key measure of inflation itself increasing. "No matter how you want to slice it, it's shaping up to be a very weak quarter for real spending, and it may end up being the weakest quarter since the depths of the (pandemic) lockdowns," Inflation Insights President Omair Sharif wrote.

Consumer sentiment fell again in March as inflation expectations moved higher and consumers expressed more anxiety about the labor market and future business conditions.

BELGRADE (Reuters) -The United States Treasury has granted a second 30-day extension to the Serbian oil company NIS's sanctions waiver, Serbian President Aleksandar Vucic said on Friday. The introduction of sanctions could have resulted in crude supply cuts for NIS, which operates Serbia's only oil refinery, with an annual capacity of 4.8 million tons, and covers most of the Balkan country's fuel needs. It is majority-owned by Russia's Gazprom Neft and Gazprom.

(Reuters) -San Francisco Federal Reserve Bank President Mary Daly still sees two interest-rate cuts this year as a "reasonable" projection, but the recent plateauing of inflation progress gives her less confidence in that outlook, and with the labor market solid and the economy still growing, policymakers can wait to reduce rates until they assess how businesses will adjust to tariff costs. Speaking by phone in an initial interview late Thursday from Fairbanks, Alaska, Daly said local business and community leaders there expect that tariffs will increase their costs and are strategizing about how to find workarounds, but they also expect some levies to be relaxed over time, or to allow for some exceptions. Meanwhile inflation has come down from its peak, and the Fed's interest-rate cuts last year mean that projects businesses had put on hold are now "penciling out," and they are going ahead with them, she said.

(Bloomberg) -- Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the economy before the brunt of tariffs.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesInflation-adjusted con