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Fortune
Fortune
Jason Ma

Wall Street's recession odds are starting to look like a coin flip as Trump refuses to back down on his trade war

Donald Trump Recession United States Bruce Kasman Larry Summers Mark Zandi Bloomberg TV Economy
(Credit: Spencer Platt—Getty Images)
  • Wall Street is raising the probability that the US economy will slip into a recession, with some economists seeing 50-50 odds. That's as President Donald Trump shows no signs of backing down on his aggressive tariff plans, including reciprocal duties set to take effect in a few weeks.

The likelihood that the US economy will slip into a recession is rising on Wall Street, with some economists even seeing 50-50 odds.

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