🚨🇺🇸 JPMORGAN: FED MAY NEED TO CUT RATES BEFORE NEXT MEETING

🔹72% of top Wall Street leaders say Trump’s economic plan is ineffective; 66% don’t support his policies.
🔹Stock market crash: S&P 500 fell 4.8%, Nasdaq 6%, Dow 4% after Trump announced steep “reciprocal tariffs.”
🔹Investor sentiment plummets: “Psychology has been destroyed,” says Vital Knowledge founder.
🔹Tariffs on all imports start at 10%, targeting key partners more aggressively.
🔹Trump scored poorly (1.86–2.16 out of 5) on tariffs, crypto, inflation, and stock market policy.
🔹Slightly better reception for deregulation (3.08) and DOGE agency (2.96) led by Elon Musk.
🔹Consumer impact: Rising prices expected on essentials like gas and groceries.
🔹Economists warn of long-term damage to GDP and living standards—parallels drawn to 1930 Smoot-Hawley Act.
🔹UBS & Deutsche Bank forecast lower GDP growth and higher inflation.
🔻"All of the optimism from last year evaporated in two short months." – Chris Zaccarelli, CIO at Northlight Asset Management
Source: Forbes Article, By Sergei Klebnikov | Forbes | April 4, 2025