Trump's economic remarks intensify recession fears among investors

Donald Trump’s recent comments about the economy have not eased recession fears. He acknowledged a "period of transition" but did not predict a recession, leaving investors unsettled. CNN's Matt Egan noted that economic indicators are showing significant pressure. Consumer confidence and spending have declined, and stock markets are reacting negatively, with the Dow down about 500 points and the Nasdaq falling over 3 percent. Analysts attribute this to uncertainty surrounding Trump's trade strategy. Goldman Sachs has increased the likelihood of a recession in the next year from 15% to 20%. They highlighted that the president can adjust policies if a recession appears likely, suggesting potential changes could occur if the economy worsens.