Iran, global recession
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Top economist David Rosenberg sees a "very significant" US recession once fiscal stimulus dries up and AI-related capex starts to wane.
While the Fed is projecting growth, four key threats could derail the economy in 2026: policy-driven inflation, "stagflation lite," consumer exhaustion and a potential artificial intelligence bubble. While these "aren't necessarily recession triggers on their own, they could compound into something more serious if they collide," McInnis says.
Treasury Secretary Scott Bessent said Sunday that "there are no guarantees" when it comes to a potential recession hitting the United States. "Like who would have predicted COVID?" Bessent told NBC's Kristen Welker when asked on "Meet the Press" whether he ...
The stock market kicked off the week with steep losses Monday after President Trump declined Sunday to rule out the U.S. economy slowing into recession. The Dow Jones Industrial Average closed with a loss of 890 points Monday, falling 2.1 percent.