Reported 3 days ago
After a significant two-day stock market crash, investors are expressing deep concerns about the US economy's outlook. Major indices faced their worst week since 2020, driven by recent tariffs imposed by the Trump administration. Experts warn of an impending recession, with some indicating a 60% likelihood, alongside potential aggressive rate cuts by the Federal Reserve to mitigate economic fallout. The consensus among professionals is that the bull market is over, citing detrimental effects on global growth and challenges for key sectors like technology.
Source: YAHOO