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Recession forecasts slide in betting markets with US-China trade tensions cooling

Business Insider Monday, 12 May 2025 ()
Bettors on Polymarket and Kalshi slashed their recession outlooks below 50% after the US-China tariff deal was announced over the weekend.
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News video: Trump Sparks Market FRENZY: Asia Surges After US-China Trade Talks Breakthrough! Markets SOAR

Trump Sparks Market FRENZY: Asia Surges After US-China Trade Talks Breakthrough! Markets SOAR 03:35

 Asian markets surged after the U.S. and China held "substantial" trade talks in Geneva, offering hope for a resolution to the tariff war that has shaken global markets. With earlier tariffs reaching as high as 145% on Chinese goods and 125% in retaliation, fears of a recession had loomed large. But...

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