Trump Administration Predicts 3% Growth, Lower Rates

The Trump administration predicts a robust economy with three percent growth next year, driven by deregulatory policies and boosts in capital spending. Despite strong third quarter GDP at four point three percent, markets wavered due to fears of higher rates to combat potential inflation. Business investment growth slowed but is expected to surge next year with lower rates and full expensing for factories, creating high-paying jobs. The stage is set for steady expansion without economic drag.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.