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Goldman Sachs pulled its recession call moments after Trump pressed pause on tariffs. Moody's chief economist isn't convinced: 'I take no solace in the president's announcement'

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Markets are bouncing back, but not everyone is so relieved.
In an article published on April 10, 2025, by Fortune, Moody's chief economist, Mark Zandi, expressed concerns over the potential economic impact of former President Donald Trump's proposed tariffs if he were to win the upcoming election. Zandi warned that these tariffs could lead to higher inflation and slower economic growth, potentially pushing the U.S. economy into a recession. This perspective contrasts with Goldman Sachs' recent decision to retract its earlier recession forecast for the U.S., citing improved economic indicators and a more stable outlook. The article highlights the ongoing debate among economists about the future of the U.S. economy, with differing views on the risks posed by political policies and the current economic data.

Read the Full Fortune Article at:
[ https://fortune.com/2025/04/10/moodys-chief-economist-trump-tariffs-pause-goldman-sachs-recession-call/ ]