I think concern over cost of living is justified and expected when the president of the United States makes sweeping global tariff changes. Prices never go down they just go up but the concern is will they go up more than usual due to the increased tariffs.
The market has recovered. There are delays in most of these tariffs. Prices have stayed relatively the same. The sober expectation is that prices will go up. If they don't then that's a win win.