From U.S. Federal budget deficit to yearly job growth, here's a look at President Trump's economic scoreboard:
. This is a decrease from 4.2% in the June quarter but a bit above expectations.There are at least three major unknowns that will impact the U.S. economy going forward.
How much of the economy’s increase is due to tax cuts? And could they be a sugar rush that will wear off? The resulting yearly Federal deficit to $1 trillion could have significant negative long-term consequences. As of Friday morning, the S&P 500 is up 23% since Trump was elected but has fallen 9% over the past three months and is now down about 1% for the year. While earnings have increased about 20% this year, driven by the corporate tax cuts, concerns about lower earnings growth next year, tariff wars and increased interest rates have put the stock market on a roller coaster.
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