US: Political uncertainty has not clearly harmed the economy - AmpGFX
According to Greg Gibbs, Analyst at Amplifying Global FX Capital, some indicators, such as the rebound in Conference Board Consumer confidence data suggest that the US political uncertainty in not having much impact on the economy.
Key Quotes
“The US stock market also continues to power ahead.”
“While overall polls suggest that Trump’s popularity has waned to the lowest level for a President in his first year, the polls are not disastrous, and he maintains a high approval rating among his core supporter base. His core base may even like the fact that he has proven to be an unconventional President.”
“Economic activity has remained in a moderate path and employment growth continues. Trump has used executive orders to reduce regulation, he has cajoled some foreign investment, and small business confidence remains more elevated since the election. He has not done any obvious harm to the economy, and he has and will argue that stronger equities, high levels of confidence and job growth reflect his presidency.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
