Lutnick Predicts: No Recession in America

Commerce Secretary Howard Lutnick assured that a recession is unlikely this year during an interview on NBC's Meet the Press. When asked about the possibility, Trump expressed uncertainty, stating, "I hate to predict things like that." Lutnick confidently stated, "There's going to be no recession in America," despite differing opinions from major banks such as JP Morgan and Goldman Sachs. According to data from Lutnick's department, retail sales experienced a significant decline in January.