Wall Street is having another growth scare. Investors entered 2025 optimistic that an already strong U.S. economy could get an extra boost from an administration pushing market-friendly tax cuts and regulatory rollbacks.

Financial markets are signaling that the risk of a recession is growing as tariff-related uncertainty and indicators of economic weakness spread fear across Wall Street.

Economic forecasts have been weakening. While some see slower growth, a number of commentators see the chance of an outright recession rising this year.