CNBC All-America Economic Survey indicates 54% majority approval of the Trump team's supply-side economic reform.

Jonah Whanau

2018-07-11 09:39:00 Wed ET

In recent times, the Trump administration sees the sweet state of U.S. economic expansion as of early-July 2018. The latest CNBC All-America Economic Survey indicates 54% majority approval of the Trump team's supply-side economic reform. At least for 2018Q2, U.S. economic output grows at a hefty rate of 4% year-to-year. Non-farm payrolls add 213,000 full-time jobs in June 2018. Further, the U.S. trade deficit shrinks by 6.6% to $43 billion or the lowest level in 19 months.

U.S. average wages growth increases to 2.7%, whereas, CPI inflation remains as low as 2% that the Federal Reserve targets in order to maintain the current neutral interest rate hike. Unemployment is as low as 4% per annum, and most other top-line U.S. economic statistics land in reasonable ranges near full employment, the latter of which is part of the Federal Reserve's dual mandate. In light of this recent evidence, the Federal Reserve seems able to trade off maximum employment with moderate inflationary momentum.

President Trump deserves a lion's share of credit for this sweet state of economic affairs in America. The mid-term election stirs positive animal spirits and investor sentiments. The recent rollback of Dodd-Frank bank regulations boosts financial intermediary capital for better profitability, M&A momentum, and key balance sheet strength. Trump tax cuts breed corporate efficiency, capital investment growth, and both dividend payout and share buyback. These positive economic affairs trickle down to benefit shareholders, small-to-medium enterprises, and investment firms. Whether these economic affairs can sustain the current sweet state remains open to healthy debate due to bitter social polarization and rampant economic inequality.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More

Fed Chair Jerome Powell answers CBS News 60 Minutes questions about the recent U.S. economic outlook.

Dan Rochefort

2019-03-29 12:28:00 Friday ET

Fed Chair Jerome Powell answers CBS News 60 Minutes questions about the recent U.S. economic outlook.

Federal Reserve Chair Jerome Powell answers CBS News 60 Minutes questions about the recent U.S. economic outlook and interest rate cycle. Powell views the c

+See More

Internal capital markets and financial constraints

Charlene Vos

2022-10-15 09:34:00 Saturday ET

Internal capital markets and financial constraints

Internal capital markets and financial constraints Duchin (JF 2010) empirically finds that multidivisional firms with robust internal capital markets ret

+See More

JPMorgan Chase CEO Jamie Dimon sees great potential for 10-year government bond yields to rise to 5%.

Olivia London

2018-08-05 12:34:00 Sunday ET

JPMorgan Chase CEO Jamie Dimon sees great potential for 10-year government bond yields to rise to 5%.

JPMorgan Chase CEO Jamie Dimon sees great potential for 10-year government bond yields to rise to 5% in contrast to the current 3% 10-year Treasury bond yie

+See More

Larry Summers critiques that the Trump tax holiday for U.S. multinational corporations may cause inadvertent consequences.

Rose Prince

2017-01-17 12:42:00 Tuesday ET

Larry Summers critiques that the Trump tax holiday for U.S. multinational corporations may cause inadvertent consequences.

Former Treasury Secretary and Harvard President Larry Summers critiques that the Trump administration's generous tax holiday for American multinational

+See More

President Trump delivers his second state-of-the-union address to U.S. Congress.

Olivia London

2019-02-06 10:36:49 Wednesday ET

President Trump delivers his second state-of-the-union address to U.S. Congress.

President Trump delivers his second state-of-the-union address to U.S. Congress. Several key themes emerge from this presidential address. First, President

+See More

China turns on its 5G telecom networks in the hot pursuit of global tech supremacy.

Becky Berkman

2019-12-07 11:30:00 Saturday ET

China turns on its 5G telecom networks in the hot pursuit of global tech supremacy.

China turns on its 5G telecom networks in the hot pursuit of global tech supremacy. China Telecom, China Unicom, and China Mobile disclose 5G fees of $18-$2

+See More