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National Association of Business Economics Sees Increased Risk of Recession

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Trump's trade war with China is weighing on the confidence on the National Association of Business Economics, according to a survey published Monday.

Four out of five of the economists surveyed in September see an increased risk of recession,, according to a September survey, which is up from the 60% who felt the same way when the the survey was taken earlier this year. 

Additionally, the majority of those surveyed, 60%, do not believe that the Federal Reserve will cut interest rates one more time this year. 

Only 7% of survey respondents believe that the recession will hit the U.S. this year, with another 24% believe that it will occur by the middle of 2020. 

The Trump administration is scheduled to begin trade talks with Chinese officials on October 10. 

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