Trump Ally Warns of Economic Catastrophe Over Sweeping New Tariff Policy
Billionaire Bill Ackman and other prominent business leaders caution that Trump's aggressive new tariff plan could trigger severe economic fallout. The policy imposes duties up to 50% on global imports, sparking market turmoil and threats of retaliation from trading partners.
Goldman Sachs Raises US Recession Risk to 35% as Economic Storm Clouds Gather
Goldman Sachs has increased its US recession probability forecast to 35%, citing concerns over tariffs, consumer confidence, and economic uncertainties. The investment bank predicts three Fed rate cuts in 2023 while lowering GDP growth estimates amid mounting challenges including massive government debt refinancing needs.
Global Markets Tumble as Trump's 'Liberation Day' Trade Policy Looms
Stock markets worldwide face turbulence as investors brace for Trump's imminent 'Liberation Day' trade policy changes, with major indices recording significant losses. Safe-haven assets surge while Goldman Sachs raises recession probability to 35% amid concerns over planned reciprocal tariffs.
Federal Reserve Maintains Rates, Signals Economic Caution with Growth Forecast Cut
The Federal Reserve kept interest rates at 4.5% while lowering its 2025 GDP growth forecast to 1.7%, citing economic uncertainties and persistent inflation concerns. Chairman Powell emphasized steady progress but acknowledged tariff impacts are delaying the path to the 2% inflation target.
Trump's Mexico Tariff Delay Fails to Calm Nervous Markets
President Trump announces one-month postponement of 25% Mexican import tariffs despite progress on border security and drug trafficking. Markets continue downward trend as trade tensions escalate with Canada and economic experts warn of inflation risks.
Atlanta Fed's GDP Forecast Plunges as Trade Deficit and Consumer Spending Raise Red Flags
The Atlanta Federal Reserve's GDPNow model has drastically cut its Q1 2025 growth forecast from +2.3% to -1.5%, marking one of the steepest declines ever recorded. The dramatic revision stems from an expanding trade deficit and weakening consumer spending, though analysts note these early projections could shift as more data becomes available.
U.S. Consumer Spending Dips as Inflation Edges Higher in January
U.S. consumer spending unexpectedly fell 0.2% in January amid severe winter weather, while inflation showed a modest uptick with PCE rising 0.3%. The mixed economic signals come as markets anticipate potential Federal Reserve rate cuts by mid-year.
U.S. GDP Growth Holds Steady at 2.3% in Q4 2024, Inflation Edges Higher
The U.S. economy maintained 2.3% growth in Q4 2024 according to revised estimates, marking a moderate slowdown from Q3's 3.1% expansion. Key inflation measures saw slight upward revisions, with core PCE rising to 2.7% amid steady full-year growth of 2.8%.