The president’s big economic achievements were wrapped up in 2019. Now Trump needs momentum to stretch out through Election Day
also has an unemployment rate above the national average at 4.1 percent
“I’m not sure you are going to see a very sustained change unless uncertainty around trade dissipates completely,” said Rubeela Farooqi, chief U.S. economist at High Frequency Economics. “One positive is the threat of new tariffs at least is not there, though honestly I’m not sure it’s really gone away.”
The halt to Boeing 737 MAX production next month will likely shave half a percentage point off first-quarter economic growth, RSM economist Joseph Brusuelas said in a note to clients. “The economic damage will likely be noted via the inventory channel, factory orders, industrial production and likely headcount among aircraft suppliers.”Can the stock market keep popping higher?
Stocks took a big plunge in the second half of 2018 as the trade wars raged and the Fed quickly stepped in early this year — after heavy brow-beating from Trump — with a series of rate cuts that helped push markets higher even as overall growth slowed and the impact of Trump’s tax cuts faded.out of the rate-cutting business for now
on Dec. 17. “The Dollar is very strong against other currencies and there is almost no inflation. This is the time to do it. Exports would zoom!” One concern bubbling around economic and Wall Street circles these days is that while impeachment doesn’t seem like a big deal — everyone thinks Trump will get acquitted in the Senate — the 2020 election itself could produce a significant drag on markets and economic growth.
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