Reported 25 days ago
The announcement of auto tariffs by President Trump is raising concerns about a potential recession, with analysts noting that these tariffs have significantly increased the odds of economic downturn. Principal Asset Management's Seema Shah highlights that the initial expectations of strengthening the US economy before implementing tariffs have not materialized, resulting in greater impacts on consumer spending and the labor market. Uncertainty around inflation and the Federal Reserve's ability to cut interest rates adds to the market's negative outlook.
Source: YAHOO