If the average tariff rate passes 20%, that could push the US into stagflation territory and give the economy a growth shock, Citi says.
The US economy could be heading for a sharp slowdown "very very soon," an analyst said on Wednesday. Price targets for the S&P 500 have been edging lower.
When asked if he's expecting a recession this year, Trump said "I hate to predict things like that."
Trump's tariffs aren't just a negotiation tactic anymore. They'll help the economy in some areas but hurt it in others.
Billionaire investor Bill Gross told BI that he's worried about tariffs stoking inflation and choking growth, and recommended four defensive stocks.
A top Fed official and the chief economist at Apollo both sounded the alarm on stagflation risks this week.
The Fed made the right call in hitting pause this week. "I'm not sure that pausing is really all the bad for stocks in the short term," Mike Wilson said.
Real GDP growth in the fourth quarter was short of the expected 2.7% increase.
China's economy grew 5% in 2024, meeting its growth target of around 5%.
Goldman Sachs economists made a handful of predictions for 2025 that imply a solid foundation for stocks and the economy in the coming year.
China's GDP growth rate is likely to be between 3% and 4% for the next three to five years, said Gao Shanwen, a prominent economist.
East Asian exports are decelerating. The data is a bellwether for the global economy and suggests global growth is slowing, BCA Research says.
Europe could face a 0.5% hit to GDP in a second Trump presidency amid increased trade policy uncertainty and more defense spending, Goldman Sachs says.
GDP rose 2.8% last quarter, while PCE inflation was 2.2% in September. Traders are bracing for earnings from Meta after the close.
While third-quarter GDP came in at 2.8% compared with the 3% expectation, 2024 continues to be a strong year of economic growth.
Mega-cap giants worth a combined $12 trillion report earnings, while key economic data could prompt another recalibration of rate-cut views this week.
Recession fears are fading and the job market is looking stronger. That's great news for average Americans and the stock market.
The 10-year yield can move in three ways based on election and Congress outcomes.
China's GDP grew 4.6% in the third quarter — its slowest pace of growth in six quarters.
Goldman Sachs analysts upgraded their growth forecast on China from 4.7% to 4.9% for this year, close to officials' target of around 5% growth.