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Global brokerages and economists have warned an impending US recession after factoring in the impact of reciprocal tariffs announced by the Donald Trump administration. According to JPMorgan Chase & C...
From ABP News
US President Donald Trump’s tariffs caused a global market sell-off on Thursday.
From The Financial Times
NBC News’ Brian Cheung has the latest reporting.
From MSNBC
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3don MSN
Goldman Sachs economists hiked their odds of a recession over the next year from 20% to 35% in a downbeat note to clients Sunday, raising their forecasts for inflation and unemployment and cutting their economic growth prediction; JPMorgan economists have an even more pessimistic 40% recession probability.
(NewsNation) — The odds of a U.S. recession are rising ahead ... will bring jobs back to the U.S. Economists are skeptical of that claim and warn that consumers will see higher prices.
Trump's blanket 10% tariff policy has economists and markets forecasting higher inflation and recession risk through 2025.
J.P.Morgan ratcheted up its odds for a U.S. and global recession to 60%, as brokerages scrambled to revise their forecast models with tariff distress threatening to sap business confidence and slow down global growth.
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Daily Voice on MSNStocks Plunge, US Dollar Drops As Economists Warn Trump's Tariffs Are 'Worst Case Scenario'Stocks plummeted on Wall Street and a wave of panic selling swept through global markets reacting to President Donald Trump's widespread
Trump’s reciprocal tariffs triggered a massive sell-off across Wall Street, with the Dow Jones plunging over 2,000 points, the S&P 500 witnessing its worst two-day sell-off since March 2020, and the Nasdaq entering bear market territory.
U.S. companies had billions of dollars in value wiped out after President Donald Trump slapped sweeping tariffs on foreign imports
Steeper tariffs mean you’ll likely see higher prices from the grocery aisle to your next car repair. A hand-embroidery dress fabric made in India, costing a couple hundred dollars per yard, is sold at the Francia Textiles fabric store in the Fashion District in Los Angeles on Thursday,