Reported 1 day ago
The recent announcement of reciprocal tariffs by President Trump has led to a significant downturn in the stock market, with the S&P 500 experiencing its worst day since 2020. Investors are grappling with the shocking breadth of the tariffs and their potential implications on the economy, prompting a reevaluation of growth forecasts. Concerns are mounting over rising inflation, consumer spending cuts, and the potential for a recession within the year. The Federal Reserve now faces a tough decision on interest rates, as tariffs may complicate its efforts to manage both inflation and economic growth.
Source: YAHOO