Economists are becoming less confident about US economic growth in light of Trump’s trade and budget policies. The experts are also not convinced that the current gains coming from the GOP tax cuts will be sustainable.
The Federal Reserve has released its economic forecast for 2018 and while economic growth is expected to rise at a moderate pace, inflation will move up on a 12-month basis but will eventually stabilize.
The GOP has been busy celebrating its first legislative victory since the 2016 election. The Republican tax bill was passed by the Senate this week in a move that ushers a new era in US tax code history. However, how long will the new tax code last? This is the big question for the president and the GOP.