The International Monetary Fund released its world economic outlook which cut the economic growth forecast for the U.S. due to trade tensions and policy uncertainty.

The U.S. economy will grow 1.8% this year, the IMF said in its World Economic Outlook, down .9% from January and a full percentage point from last year's projection. The global institution does not expect the U.S. to dip into a recession, but said the odds now have risen from 25% to 37%.