UBS On-Air: Paul Donovan Daily Audio '….not well'

Financial markets reacted strongly to recent U.S. tax increases, revealing greater impact than expected. The discussion highlights the implications of a weak U.S. dollar, underscoring the phrase 'when the U.S. sneezes, the world catches cold.' However, this time, it's more like the U.S. has cut off its own arm. The potential risks of recession are explored, along with the complexities of tariff policies and their international ramifications. All eyes are on Fed Chair Powell's insights into the economic outlook.