Donald Trump’s tariffs and immigration policy are pushing the American economy toward a downturn, the agency’s chief analyst has warned
US President Donald Trump’s tariffs and immigration policy are pushing the economy toward a downturn, Moody’s chief analyst, Mark Zandi, has warned. He described the US as “on the precipice” of a recession.
The warning followed a Bureau of Labor Statistics report showing the US added an average of just 35,000 jobs a month from May to July – less than a third of last year’s pace and the weakest since 2020. Experts say the slowdown signals weakening economic growth. Other indicators have also been bleak: June…
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