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BlackRock’s Larry Fink says U.S. is very close to a recession and may be in one now

  • Larry Fink, CEO of BlackRock, stated that the U.S. Economy may already be in a recession, saying, "I think we're very close, if not in, a recession now."
  • Goldman Sachs raised the odds of a U.S. Recession to 45% from 35%, citing concerns over an escalating trade war.
  • President Trump announced a 90-day pause on higher tariffs while maintaining a 10% baseline tariff on all imports.
  • Despite recession fears, the White House emphasizes Trump's economic agenda, including deregulation and tax cuts.
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  • 60% of the sources are Center
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Moguldom broke the news in on Thursday, April 10, 2025.
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