The past few days are a reminder that the economic growth in Trump’s first term was often accompanied by turmoil.
WEST PALM BEACH, Fla. — The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.
The Dow Jones stock index essentially ended Thursday flat after having posted 10 days of losses. The Federal Reserve now sees inflation as staying stubbornly elevated as it has become cautious about further interest rate cuts planned for next year.
On Wednesday, Trump blew up a bipartisan budget deal, which means the government could shut down after midnight Saturday. He then promoted a deal reached with Republicans on Thursday that Democratic lawmakers and President Joe Biden see as unacceptable. It failed to get the two-thirds threshold needed for House passage. This comes on top of a spate of tariff threatsby Trump that the Congressional Budget …