CandleFocus Lutnick Plays Down Recession Fears as BTC Lingers in 80K Range
2025-03-10
Author: Content Editor
Treasury Secretary Howard Lutnick claims that the U.S. economy is strong and there will be no recession, despite concerns from Wall Street. He believes that President Trump's tariff strategy will lead to economic growth and increased investment. However, the crypto market seems to be less optimistic, as Bitcoin and other cryptocurrencies experienced significant drops. Bettors on Polymarket are also increasingly expecting a recession to occur in 2025. While recent jobs data suggests resilience in the labor market, signs of slowing growth are emerging, with the Atlanta Fed's GDPNow model forecasting negative growth in Q1.
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