Tariffs — and uncertainty surrounding them — could weigh on April's jobs report [CNN]
NerdWallet, Inc. (NRDS)
Company Research
Source: CNN
The sheer uncertainty of what's to come has put markets on the fritz and sent soft data (like consumer sentiment surveys) sounding alarms. Now, the hard data (tried-and-true economic metrics that are lagged for good reason) is starting to reflect some of the disarray. A tumultuous tariff program and trade war have sent recession odds higher. “Let's not fool ourselves, things are going to get worse later this year, probably later in the summer,” Robert Frick, corporate economist at Navy Federal Credit Union, told CNN in an interview. “But for now, we really need to cross our fingers and hope that incomes and jobs hold up, because those are the things that will insulate us.” Ad Feedback The engine of the US economy is the American consumer, whose spending accounts for more than two-thirds of economic activity. And the lifeblood of consumer spending comes from one critical source: the US labor market. And as it stands now, and as it likely stood in April, that fuel source hasn
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