1451 ET - The broad-based tariffs President Trump unveiled, if held in place, materially increase the likelihood of a recession in the U.S., and global economy, according to Morgan Stanley in a research note. As it stands, tariffs threaten to slow economic growth and catalyze inflation, the analysts say. An economic downturn could emerge from an uncertainty-induced slowdown in spending, which could result in business delaying spending and hiring plans--or outright cuts to spending and employment, they add. "A second channel is via adverse wealth effects on high-income consumers," the analysts say, noting that while these consumers are better able to withstand tariffs, they are more sensitive to changes in net wealth. (connor.hart@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 14:51 ET (18:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。