US economy faces hit as uncertainty grips markets
Economic data continue to surprise — but not in the way many would prefer.
The U.S. economy could face the risk of a sharp slowdown over the coming months as the tariff threats, federal workforce cuts and immigration policies of President Donald Trump upend the country's extraordinary post-pandemic gains.
Stocks, which have performed reasonably into the latter part of the month, erased their year-to-date gains on Thursday following a 1.58% slump that suggests cracks are beginning to form in the current bull market as the broader impact of Trump's economic agenda begins to take shape.
