Just 20 days ago, the US stock market was sitting at all-time highs. The US economy appeared to be growing at a solid pace. And a recession was nowhere in sight.

U.S. stocks have suffered their sharpest selloff in months as investors have grown nervous that Trump will slow the economy with import duties.

The signs of a recession, how they affect the public and what you can do to prepare financially in case one comes.

People watch a television showing US President Trump's address to a joint session of Congress at the Nasdaq Marketplace in Times Square in New York City, US, March 4, 2025. [Photo/Agencies] The US stock market on Monday showed how it felt about recession talk over the weekend — by heavily selling off.

Recession chatter is still making the rounds on Wall Street, but cooler inflation is quelling fears of a dire scenario for the Fed.