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Steve Cohen Warns: U.S. Growth Could Plummet to 1.5%

2/24/2025

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Summary

Story summary

Steve Cohen, CEO of Point72 Asset Management, predicts U.S. economic growth may slow from 2.5% to 1.5% later this year.
Key factors include tariffs, stricter immigration policies, and government spending cuts, creating market uncertainty.
Cohen highlighted the Department of Government Efficiency (DOGE) as a potential threat to job growth.
He also raised concerns about ongoing inflation and retaliatory trade measures impacting the economy.

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Story summary

Steve Cohen, CEO of Point72 Asset Management, predicts U.S. economic growth may slow from 2.5% to 1.5% later this year.
Key factors include tariffs, stricter immigration policies, and government spending cuts, creating market uncertainty.
Cohen highlighted the Department of Government Efficiency (DOGE) as a potential threat to job growth.
He also raised concerns about ongoing inflation and retaliatory trade measures impacting the economy.