Organization: As of now, the economic recession in the United States has been postponed.

Principal asset management company's chief global strategist Seema Shah said that we can postpone our concerns about an economic recession for another month. Employment data is still very strong, indicating impressive resilience in the economy before the impact of tariffs. This suggests that the economic weakness may not truly manifest in the data for several months, which in turn will push the timing of the next rate cut by the Federal Reserve to the third quarter. The economy will weaken in the coming months, but with the current potential momentum, it is possible to avoid an economic recession if the United States can timely step back from the edge of tariffs.