US Economic Forecast: April 2025

What are the possible implications of tariffs on the US economy?

Tariff rates have blasted up to levels not seen in a century, setting in motion a cascade of supply/demand side shocks—all acting to weigh on the rate of economic growth. There’s also plenty of room for uncertainty. In fact, we see the probability of a recession at 40%-45%.  

Our latest US Economic Forecast report offers an in-depth look at the impact of high tariffs on the economy including the potential inflation rise, the role of foreign capital flows, the expected response of the Federal Reserve, and more.  

Download the report today to learn how these economic shifts are likely to affect financial investing strategies and client relationships.  

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What's Inside

  • A comprehensive overview of the impact of tariffs on the US economy and GDP growth. 
  • Analyses into the potential rise in inflation due to tariffs. 

  • Predictions on the Federal Reserve's response to the economic forecast.