MARKETS BREATHE AS TRADE TENSIONS EASE
The chance of a U.S. recession in 2025 has dropped to 43%, according to Kalshi, down 1.9 pts today.
This comes after the U.S. and China agreed to slash tariffs to 10% from 125%, a major de-escalation in their trade war. The 90-day truce gives markets hope that the worst economic damage could be avoided.
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