Reported 2 days ago
Recent surveys from the Federal Reserve highlight growing anxiety among US manufacturers regarding President Trump's tariff policies. The Philadelphia Fed's Manufacturing Business Outlook Survey recorded a significant drop in activity, marking the lowest level since April 2023. Similarly, the New York Fed’s Empire State Manufacturing Survey indicated plummeting expectations for future business activity. Economists warn that the uncertainty stemming from these tariffs could lead to inflation and a slowdown in economic growth, raising concerns about potential recession conditions.
Source: YAHOO