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"We don't want to rule out a recession, but it isn't something that's in our base case right now," says Charles Schwab's Cooper Howard. He says the latest round of economic data took away some concern. Liz Ann Sonders agrees, but warns investors to keep recession risk on the radar as the markets navigate Fed and Trump policy uncertainty.

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Recession Risk Low but Not Zero, Consumer Still Shows Strength

Schwab Network

Recession Risk Low but Not Zero, Consumer Still Shows Strength