Investing.com — Donald Trump has officially taken the oath of office, assuming the role as the 47th President of the United States. His policy agenda, if fully implemented, is expected to have a major impact on the macro economy. However, it is possible that financial and political problems may cause actual policies to fall short of his campaign promises.
Solita Marcelli, Chief Investment Officer Americas at UBS Global Wealth Management, shared the organization’s view on the US economy. According to Marcelli, the basic case is that of growth despite the possible implementation of costs. UBS will keep a close eye on potential risks, but does not predict that the proposed tax measures will be enough to prevent US economic growth.
Furthermore, UBS does not expect these costs to prevent inflation from continuing the current decline. This could pave the way for the Federal Reserve to cut rates by 50 basis points later this year. The company’s outlook suggests cautious optimism for the US economy under President Trump’s administration, despite potential policy changes.
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