President So Much Better For The Economy Than Sleepy Joe and Crazy Kamala is not actually better for the economy and won’t be anytime soon, Bloomberg News reports from a wide array of reports and outlooks from various eggheads and worrywarts across the financial industry.
“Our outlook is very much for inflation to be coming back. We’ve been saying second half of this year, but it seems like the pressures are already starting to build,” Economist Lauren Saidel-Baker at ITR, adding that, that outlook can and probably will get worse with respect to tariffs and immigration policy. “I want to be absolutely clear: there are upside risks to our inflation outlook. It’s been really the labor that is remaining stickier, keeping inflation higher. I see no relief on the horizon.”
“References to inflation and prices in general continue to rank high in write-in responses. Most notably, comments on the current administration and its policies dominated the responses,” wrote Stephanie Guichard, senior global economist at The Conference Board, in a statement on Tuesday.