The US economy is showing signs of slowing growth, contradicting expectations for a robust recovery under President Trump's administration. Economic experts, including Neil Dutta from Renaissance Macro Research, have pointed to weakening consumer sentiment and housing data as indicators of trouble. The recent dip in the 10-year US Treasury yield, generally a sign of lower lending costs, has not led to positive outcomes for key players like DOGE. Market sentiments remain cautious, as hedge fund billionaire Steve Cohen anticipates a significant downturn, reflecting broad concerns about market corrections.
"The economic growth spurt some were hoping for with the new administration is coming up short, as investors voice concerns about a slowdown this year."
"Dutta highlighted two things that have kept the economy humming – and government spending – showing signs of strain."
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