Aaron Davis

2 months ago | money.usnews.com | Wayne Duggan |Aaron Davis

The U.S. economy was on relatively solid footing heading into 2025, but a growing trade war and aggressive government layoffs have shaken up the economic outlook. The Federal Open Market Committee's (FOMC) latest long-term economic projections from December 2024 still suggest a soft landing for the U.S. economy that includes slowing gross domestic product growth but no recession.