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Wall Street Selloff Deepens as Trump Sparks Recession Concerns

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  NEW YORK (Reuters) -Major U.S. stock indexes sank on Monday after U.S. President Donald Trump declined to predict whether his tariff policies could lead to a recession, roiling investor sentiment.

The article from MSN Money discusses a deepening selloff on Wall Street, triggered by former President Donald Trump's comments on Truth Social, where he suggested that the U.S. might be heading into a recession. His remarks came amidst ongoing concerns about inflation, rising interest rates, and economic indicators showing signs of slowdown. Trump's statements added to the market's volatility, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq all experiencing significant drops. Investors are increasingly worried about the Federal Reserve's aggressive rate hikes aimed at curbing inflation, which could potentially tip the economy into a recession. The article also mentions that despite some positive economic data, the overarching fear of a downturn has led to a bearish sentiment among traders, with many looking for safe-haven investments like gold and bonds.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/wall-street-selloff-deepens-as-trump-sparks-recession-concerns/ar-AA1ACN7k ]