The article discusses the first 100 days of President Trump's second term, highlighting significant economic changes such as hundreds of executive orders and potential tariff increases. While the job market remains largely stable and inflation has eased, concerns loom over how tariffs may impact both inflation rates and employment levels. Experts express mixed sentiments, citing potential growth from deregulation and tax policies but also emphasizing the uncertainty brought on by tariff implications. Overall consumer sentiment has declined, indicating widespread anxiety in the market as businesses begin reshoring manufacturing.
Sentiment data, chaos in the markets, and interviews with small business owners, consumers, and economists suggest Americans are worried.
While we believe that there are policy agenda items that will ultimately be positive for growth - namely, tax and deregulation - uncertainty from potential implications of tariff policy on the labor market and direction of inflation has dampened sentiment.
Within 100 days of President Trump's second term in office, Americans saw the first monthly price drop in years in the March inflation report.
President Trump delivered a historic economy in his first term, and he's running back the success in his second term.
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