U.S. corporate leaders are getting worried about a recession (via BrettArends)
Top U.S. business leaders are “bracing for a recession,” and many are already starting to slash costs to prepare their companies for a downturn ahead.
Meanwhile the Atlanta branch of the Federal Reserve, which tracks national economic numbers in real time, warns that the U.S. economy is already in danger of stalling. That can’t be a positive development for a jobs market that generated just 20,000 new nonfarm jobs in February, a number far below economists’ consensus forecast.
Donald Trump’s intermittent saber rattling against China over trade, along with the recent government shutdown and overseas problems like Brexit, are also factors.
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