Dow, S&P 500, Nasdaq drift lower as tariff chaos pauses for a day
From Yahoo Finance: 2025-04-15 16:02:00
Investor sentiment has shifted dramatically, with 49% now expecting a hard landing for the global economy within the next 12 months, up from 11% last month. The consensus for a soft landing has dropped to 37%, down from 64% previously. These shifts are attributed to concerns over President Trump’s tariffs impacting inflation and economic growth.
BNP Paribas chief US economist James Egelhof noted that the Fed’s efforts to achieve a soft landing may be derailed by recent strong job reports and inflation hitting a four-year low. Egelhof highlighted the impact of tariffs on changing the economic outlook, potentially pushing the US economy into recession later this year.
Read more at Yahoo Finance: Dow, S&P 500, Nasdaq drift lower as tariff chaos pauses for a day