You need to inflate the tires to match the weight you plan to put on them.
If you look on the sidewall of your tires, you'll see the maximum weight the tire can support and the pressure you need to put in the tire in order to support that much weight. Your Michelins probably say something like [Max Load 1365 Lbs @ 51 PSI].
What this means is if you plan to put 1365 pounds of weight on each tire, then you need to put 51 PSI in them. But note that you have four tires, 1365 LBS X 4 tires = 5460 LBS. I dont' think your Fiero weighs that much

If you inflate the four tires with enough air to support over 5000 LBS, then they will be way overinflated. This will result in reduced traction and an unnecessarily harsh ride.
What you need to do is 'derate' the tire pressure to match the actual weight of your car plus passengers plus luggage. There should be a sticker on one of the door pillars that tells you the GVRW (Gross Vehicle Weight Rating ) of your car. The GVRW is the weight of the car, plus two people and about 100 Lbs of luggage. It varies by year and model, but an average Fiero should be rated around 3650 Lbs.
Now the math: (I used a calculator so I'm not going to show my work

)
3650 LBS is about 67% of 5460 LBS.. To get the proper air pressure needed to support the fully loaded weight of your car, you need to determine what 67% of the 51 PSI maximum is..
67% of 51 PSI works out to about 34 PSI. If I got the figures right about the GVRW and what it says on the side of your tire, then that's about what you need to use. Personally, I'd use around 35 - 36 LBS.. Over inflating slightly will help gas mileage a bit.
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1988 Fiero Coupe 2.5L (Written Off in an accident in 2006)
1990 Trans Am GTA 5.7L