"US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs Drop comes amid a huge fall in consumer sentiment which in April dropped 32% to lowest level since 1990 recession The US economy shrank in the first three months of Donald Trump’s second term as the president sought to roll out an aggressive trade strategy, claiming that sweeping tariffs on the world would strengthen the US economy. Gross domestic product (GDP), a key measure of overall growth in the US economy, fell by 0.3% in the first quarter of the year, down from 2.4% in the last quarter of 2024. The contraction – the first since the start of 2022 – puts the US on the brink of a technical recession, defined by two quarters of negative growth. The drop in activity comes amid a huge fall in consumer sentiment, which in April dropped 32% to its lowest level since the 1990 recession." https://www.theguardian.com/business/2025/apr/30/economy-gdp-q1-trump-tariffs
Lol, if someone would have told me 10, 15 years ago where we've somehow ended up today, I'd have had serious concerns for their mental state. "USATODAY Economic news In addition to the GDP report, private-sector hiring was lower than expected in April, according to payroll provider ADP, coming in at 62,000 jobs compared to forecasts for double that. “Unease is the word of the day,” said Dr. Nela Richardson, chief economist for the company, in a release. “It can be difficult to make hiring decisions in such an environment.” A measure of inflation favored by the Federal Reserve is set to be released after the stock market opens for the day." https://eu.usatoday.com/story/money/markets/2025/04/30/stocks-trade-deal-tariffs/83358884007/