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US economy contracts for the first time in three years

DeFi Daily News by DeFi Daily News
April 30, 2025
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President Trump’s tariff policies have weighed on the US economy, with the first quarter seeing Gross Domestic Product (GDP) contract for the first time since 2022.
PNC Financial Services Group chief economist Gus Faucher joins Morning Brief with Brad Smith and Madison Mills to discuss the latest economic data and what it signals about where the US economy is headed. Faucher also takes a closer look at Trump’s comments about the Federal Reserve and what it could mean for the US economy.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/series/morning-brief/
#youtube #stocks #investing

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

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Tags: BondsbusinesscontractsCurrenciesEconomyEquitiesFXInvestingInvestmentMarketMarketsMoneyNewsNYSEPersonal FinancePoliticsSavingsStock marketstocksTimeYahoo FinanceYahoo FInance PremiumYears
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