Policies, pressure, and the potential of the US economy

The US economy is dealing with three key issues: growth speculation, inflationary issues and trade turbulence. Tariffs are likely to cause increases in inflation, as businesses pass on rising costs to consumers. Not only will the regular customer be affected, but corporate strategies and geopolitical relations, particularly with China, will be affected. Despite concerns over a technical recession, the US’ economic outlook is warily positive. The labour market is strong, thanks to specific industries, and wage growth is waning. However, there are concerns over federal job cuts, as well as...