Why the Trump economy hasn’t plunged into recession…yet

Midway through 2025, the economy finds itself in a fascinating position. Despite considerable Trump tariff uncertainty and sticky inflation, the US economy continues to expand. The job market is staying solid. Corporate America, as seen by earnings results from Delta (DAL), Levi Strauss (LEVI), and JPMorgan Chase (JPM), is performing well on the top and bottom lines. And profit outlooks haven’t been too shabby, either. But that doesn’t mean smooth sailing for the economy into year-end. Yahoo Finance Executive Editor Brian Sozzi talks on the Opening Bid Unfiltered podcast with Apollo chief economist Torsten Sløk. Several months ago, Slok didn’t rule out a US recession in part because of Trump's tariffs. Meanwhile, the perception of a non-independent Federal Reserve when Trump announces Jerome Powell’s successor could harm the economy and markets. Sløk shares his perspective on these pressing issues for investors and how dynamics may unfold in the economy as we look forward to 2026. Yahoo Finance's Opening Bid Unfiltered brings you a high-octane take on the freshest analyst calls, wildest stock moves, and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor, before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid Unfiltered at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Please email us at [e-mail]. Yahoo Finance's Opening Bid Unfiltered is hosted by Brian Sozzi and produced by Langston Sessoms. Learn more about your ad choices. Visit megaphone.fm/adchoices