Recession worries haven’t been the main driver of market sell-off: JPMorgan
Jeff Sica of Sircle Squared Alternative Investments says inflation is the economy's carbon monoxide. An analysis by JP Morgan suggests that the recent sale of US stock markets is not driven by concerns that the economy will fall into a recession. Increases uncertainty about the president's impact Donald Trump's Tariffs have plans for the economy, […]
Trump won’t rule out recession, warns of ‘period of transition’
US stock futures fell after President Donald Trump said the US economy would see “a period of transition” and refused to rule out … source
Treasury Sec. Scott Bessent says there are ‘no guarantees’ there won’t be a recession
Treasury Secretary Scott Bescent said in an interview aired Sunday that, although there may be adjustments, the US does not have a recession, but “there is no guarantee.” But speaking with NBC's “Meet the Press” eliminated the possibility of a financial crisis. The US stock market closed sharply last week amid rising uncertainty resulting from […]
Bessent says ‘there are no guarantees’ when it comes to recession
Treasury Secretary Scott Bescent said on Sunday that there is “no guarantee” about the recession. “Mr. Secretary, can you guarantee Americans here, and now that there's no recession on President Trump's watches?” NBC's Kristen Welker asked Bessent about “Meet the Press.” Bessent replied, “Who would have predicted Covid, and who would have any assurances?” “So […]
Trump tariffs ‘worth it’ — even if they trigger recession: Commerce Secretary Howard Lutnick
Commerce Secretary Howard Lutnick said President Trump's tariffs were “worthy.” The economist warns that the president's strict tariffs in Canada and Mexico, a 30-day suspension, 20% collection on China, and his sweeping aluminum and iron tariffs could reheat inflation. Trump's pre- and post-election approach to implementing tariffs, and the costly risks of retaliatory tariffs, wiped […]
Lutnick says Trump tariffs 'worth it' even if they lead to recession
Commerce Secretary Howard Lutnick said Tuesday that President Trump's tariff policies are worth it, even if the economy plunges into a recession. In an interview aired Tuesday, CBS News' Nancy Cordes asked Lutonic whether tariffs “when it leads to a recession, if it leads to a short-term recession, is it worth it?” Lutnick replied: “These […]
Stephen Miller defends Trump on possible recession: Not our job to make 'prognostications'
Deputy White House Chief of Staff Stephen Miller defended President Trump's response to questions about possible weekend-long recession, saying it's not the president's job to predict the economic situation. “His comments are totally correct. It's not our job to create these kinds of prognosis. Miller is our job under President Trump's leadership to lock the […]
Senate GOP frets as Wall Street takes dip over tariffs, talk of recession
Senate Republicans expressed new concerns about the economy on Monday after Wall Street had one of the worst days in years of comments from President Trump that did not rule out the potential for a trade war and a recession. Nasdaq Composite had its worst day in three years, finishing with a loss of 4%, […]
S&P 500 futures flat after recession fears triggered a market sell-off: Live updates – CNBC
The trader works on the floor of the New York Stock Exchange on March 6, 2025. NYSE S&P 500 Futures Traded around the flatline early Tuesday after concerns that the recession would hit the US economy caused widespread sale on Monday. Futures linked to the Dow Jones Industrial Average The S&P 500 futures rose 3 […]
Larry Summers: Odds of a recession 'close to 50/50'
Former Treasury Secretary Larry Summers said Monday that the potential for a recession was “nearly 50/50.” “I said [Kasie Hunt] @CNN I think there is a real possibility of a recession today,” Summers I said in a social platform thread x. “I would have said a few months ago that a recession is really unlikely […]