We’re not in a recession yet—but analysts warn tariffs could push us into one

‘The risks of a U.S. recession starting in the coming year are uncomfortably high and rising,’ writes Mark Zandi, chief economist of Moody’s.

Monday’s sell-off on Wall Street sent consumers into a panic as talk of a recession continued to heat up. Most S&P 500 stocks are now in correction territory, and the trade war with Canada, Mexico, and China continues to heat up. Tuesday’s trading, meanwhile, was something of a roller-coaster, with stocks yo-yoing and finally settling at another loss.