How the economy could make or break Trump in 2020
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 Joe 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.”to the company’s now-former CEO, Dennis Muilenburg.President Donald Trump and chairman of the Federal Reserve Jerome Powell.
, removing one catalyst for future market gains. And a very strong November jobs report only reinforced the Fed’s view that the economy should be fine without added stimulus. That’s not likely to happen. And traders worry that expected slow growth and current high market valuations mean 2020 might not be a boom year for Wall Street.
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