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It's 'Too Late' for Investors to Panic Over Tariffs: Ed Yardeni
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April 3, 2025
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3:14Now PlayingWall Street economists said the US risks a recession this year and inflation could return to pandemic levels following the Trump administration’s announcement of major tariffs on global trading partners.
Nomura Securities International Inc. said it expects gross domestic product to expand 0.6% in 2025 after accounting for the new levies on imports, and a key measure of underlying inflation to rise to 4.7%.
Barclays Plc economists took a more pessimistic view toward GDP — projecting a 0.1% contraction — and a slightly more optimistic view of inflation, penciling in a 3.7% increase. They also look for the unemployment rate to climb by year-end.
Yardeni Research President Ed Yardeni explains why he believes that investors need to ride out the market downturn and refrain from selling all of their market assets. Ed speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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