Inflation-weary People are more and more downbeat about the way forward for the US economic system.
Practically half of the respondents to a brand new CBS Information ballot thought tariffs will increase prices in the long term, whereas a rising quantity predict a recession will happen within the subsequent 12 months; the survey was performed late final week, which means it captures sentiment even after US President Donald Trump paused most of his new tariff hikes.
Many economists additionally consider a recession remains an actual risk.
And whereas Trump’s exemption for electronics represents a deescalation, it additionally compounds the uncertainty for companies: “Why would anyone anywhere build a new factory below these situations?” The Atlantic’s Derek Thompson mused.
