Treasury secretary Howard Lutnick insists that the US economy is on a solid basis despite concerns from Wall Street that a recession is in the cards.

“Definitely not,” he said on a Sunday edition of Meet the Press when asked if Americans should prepare for a downturn.

“There will be no recession in America,” he continued. “It’s like the same people who thought Donald Trump wasn’t a winner a year ago. Donald Trump is a winner. He will win for the American people.”

A recession is two consecutive quarters of financial contraction, caused by imbalances from external or internal factors or combination of both.

This argument contradicts comments from the president in the past that did not exclude a recession and call it part of a transition.

Lutnick claimed that Trump’s customs strategy will force other countries to lower their trading barriers, loosen US growth and drive $ 1.3 trillion into new investments.

“We will detach America to the world,” he said in response to warnings from JPMorgan and Goldman Sachs about a customs recession. “You will see over the next two years the biggest growth set from America.”

While Lutnick acknowledged that duty could make foreign goods more expensive, he framed them as part of a wider effort to reduce the deficit and lower borrowing costs.

“When you balance the budget … you run the interest rate down 150 basic points. Mortgage loan is coming down. The cost of your home comes down, ”he said.

However, Crypto dealers do not appear to have the same optimism.

Bitcoin (BTC) fell 7% on Sunday, fell to $ 80,000 and approached its low at 2025 of $ 78,000.

Ether (ETH), SOLANA (SOL) and XRP (XRP) followed, while MEME -coins such as Dogecoin (DOGE) and Cardano (ADA) tumbled almost 12%.

At Polymarket, Bettor is increasingly supporting a slowdown, although the chances of an occurring remain slim.

A contract that asks about the likelihood of a US recession in 2025 has seen Yes Odds jump to 41%, an increase of 16% in recent weeks.

Meanwhile, the latest US job report showed 151,000 jobs added in February, Coindesk recently reported, roughly in line with expectations, although unemployment ticked up to 4.1% and January’s job gains were revised lower.

However, as part of the White House DODE effort, redundancies in the public sector can push these numbers up the next quarter.

While the Labor Market Resilience has kept recession calls in chess, signs of slower growth emerge, with Atlanta Fed’s GDPNow model, which predicts a negative growth of 2.8% Q1.

However, another contract only gives a 3% chance that a recession will happen before May. The first quarter ends 31 March.