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He compared the adjustment the United States is undergoing to the early years of Reagan's presidency Stocks fall again: Wall Street had its worst day of 2025 on Monday, with the S&P 500 index falling 2.7 percent a day after President Trump refused to rule out that his aggressive trade policies.
Read our latest blog on Impact of next global recession 2023 President Trump declined in an interview aired Sunday to rule out the possibility that his economic policies, including aggressive tariffs against America's trade partners, would cause a recession. Without tariffs, Goldman Sachs expected the Federal Reserve's preferred annual inflation measure to fall from 2.7% in January to 2.1% in December, just above its 2% goal. The Atlanta Federal Reserve has projected a 2.4 per cent GDP contraction in Q1 2025, while US consumer confidence saw its sharpest decline since August 2021
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