No, a Tariff Pause Doesn’t Erase Recession Risks. 6 Ways to Prepare for a Downturn

Maintaining financial stability in an uncertain economy is easier with a plan. Getty Images/ Jeffrey Hazelwood/ CNET President Trump's "Liberation Day" tariffs jolted financial markets, trampled consumer confidence and sparked recession fears last month. Since then, a short-term US-China trade agreement has offered some hope that things won’t crash right away. But we’re still walking a tightrope. Economists haven't dismissed the possibility of a recession. On Thursday, JPMorgan Chase CEO Jamie Dimon said in a Bloomberg Television interview, “I wouldn’t take it off the table at this point. If there is a recession, I don’t know how big it would be or how long it would last.” Households are battling elevated prices and facing job cuts. Businesses, unsure of where the markets are going, are cutting costs and delaying hiring, adding to the sense of economic unease. On top of that, there are whispers of stagflation, a painful mix of high prices and rising joblessness. Financial uncertai ... Read full article.