There is no doubt that analysts are concerned about the state of the American economy. Even the Federal Reserve is worried, and its members have shown their concern by cutting interest rates for the first time in ten years, in what the Federal Reserve called a mid-cycle adjustment (although many analysts postulate that it could be the first step towards an easier monetary policy). To complicate matters, the reversed yield curve last week in the US Treasury market signaled an imminent recession and caused a sale on Wall Street that had a worldwide impact .
Stephen Suttmeier of the Bank of America-Merrill Lynch has said that despite the recent heavy losses on Wall Street, it will not reach the bottom until the panic intensifies and the S&P 500 falls another 5 percent. Suttmeier has predicted that the actions will take weeks to find its fund. The trade war has reduced the market value of the S&P 500 by up to 6.8 percent since it peaked on July 26. 
However, despite analysts’ concerns and recent stock sales, US President Donald Trump said Sunday he does not expect a recession. “We are doing tremendously well,” Trump told reporters.“Our consumers are rich. I made them a tremendous tax cut and they are loaded with money” The White House economic advisor, Larry Kudlow, made similar comments, stating that “there is no recession in sight. ” Consumers are working. Your wages are going up. They are spending and saving. 
The White House commercial advisor, Peter Navarro, reiterated the same optimism, and told ABC on “This Week” that “we have the strongest economy in the world and money comes here for our stock market.”
According to CNBC’s comment, Washington’s comments over the weekend were intended to counter the claims of Democratic presidential candidates who cited Trump’s erratic economic and political policies over the increase in market volatility in recent months. President Trump stands firm in his line of support that trade disputes with China have not harmed the US economy at all, while Democratic candidates (and many market analysts) have pointed out specific weaknesses in the US economy. United who have derived directly from the trade war.
Analysts now await Monday’s decision on whether the US they will allow the controversial Chinese tech giant Huawei to buy supplies from US companies. President Trump has said he is not ready for a trade agreement with China, and the inability to reach an agreement regarding Huawei will likely escalate the trade agreement rather than serve to calm him.