From Dow Jones & Company: 2025-04-14 12:24:00

National Economic Council Director Kevin Hassett is confident that a recession is not on the horizon, citing strong job numbers and increased consumer spending. Despite adding 228,000 new jobs in March, concerns over tariff hikes and federal budget cuts have led to economic uncertainty. JPMorgan economists estimate a 45% chance of a recession, as the stock market experiences volatility and companies brace for potential impacts on retail prices. Hassett remains optimistic, noting that businesses are moving operations onshore and reporting higher sales figures.



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