Could President Trump’s tariffs spur a recession?
An economist warns consumers about a potential economic downturn with President Donald Trump’s trade war pressing on.
U.S. stocks are expectd to open modestly lower, consolidating gains made in the last two sessions as Federal Reserve officials kick off their policy meeting on Tuesday.
Almost no one expects the Fed to resume cutting interest rates. Instead, everyone will be interested in how the Fed sizes up the economy and inflation in coming months and years, especially if President Donald Trump enacts his aggressive tariff plan. Along with its policy statement, the Fed will release its economic projections for inflation, economic growth and the labor market on Wednesday afternoon.
At 8:12 a.m.ET, the broad S&P 500 futures down 0.25%, while blue-chip Dow futures fell 0.20%. Futures on the tech-heavy Nasdaq lost 0.42%.
Corporate news
- Eastman Kodak topped analysts’ earnings estimates in the final three months of the year.
- Hallador Energy missed analysts’ revenue forecasts in the final quarter of last year.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
