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Blamed for being entitled, praised for being bold, Gen Z is just trying to survive in the grim economy they inherited.
Tariffs cannot resolve America’s deeper economic challenges, such as mounting public debt, widening fiscal deficits, crumbling infrastructure and persistent inequality.
Futures markets moved swiftly to price in almost five quarter-point cuts in US rates this year, pulling Treasury yields down sharply and hampering the dollar.
Today’s hailstorms of hostility are already hitting economies around the world, with businesses and individuals taking shelter from the unpredictable conditions.
If Ramadan spending is slowing, the key to reviving it lies in restoring optimism.
While it appears unlikely that US GDP will contract in the first quarter, the economy could enter recession territory in the second or third quarter of 2025.
The week is a busy one with a series of central bank policy meetings, including by the US Federal Reserve. It is widely expected to keep rates on hold when its meeting concludes on Wednesday.
But Bessent, speaking to NBC's "Meet the Press," ruled out the chance of a financial crisis.
Uncertainty sparked by constant White House pivots on tariffs has potentially delayed business investments and prompted consumers to pull back on spending, said Paul Gruenwald, global chief economist at S&P Global Ratings.
"I hate to predict things like that," he told a Fox News interviewer when asked directly about a possible recession in 2025.