Tax cuts will drive American economy, although benefits will be short-lived

Tax cuts will drive American economy, although benefits will be short-lived

The American economy will most probably soar this year at its fastest tempo for three years, powered by the greatest tax overhaul since the 1980s. That’s what most market experts told in a Reuters survey that also revealed that they hoped the boost would be short-lived.

The $1.5 trillion tax package signed by Donald Trump on December 22 didn’t cause a powerful market reaction, although it gave a firm push to the outlook for the world's number one economy.

Simultaneously poll respondents didn’t expect the Fed to drift away from its current guidance of three interest rate lifts in 2018.

The survey of more than 100 market experts during January 11-19 demonstrated that American annual GDP expanded 2.6% in 2018 versus 2.4% forecast the previous month.

More than ¾ of 76 market experts who responded to an extra question told that the forecast benefits from the tax cut initiative would start boosting surge considerably in 2018.

 

 

Similar

Canadian CPI

Inflation data is the most important indicator that affects the central bank’s monetary policy.

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera