Quotes from the news wire:
The economy is softening and will soften for now. But whether the U.S. is entering a recession is still debatable, lower bond yields will support the economy while (U.S. President Donald) Trump is likely to take steps to support the economy as he seeks re-election. The economy could pick up later this year.
Initially investors saw Trump's moves as negotiation tactics to get better deals. But now they are starting to worry about the damage to the economy, people have long thought the U.S. economy will eventually hit a recession at some point. But there are growing worries Trump's trade policies may hasten that. The fear now is that 'America First' may become 'America Worst'.
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