Trump frequently takes credit for the country’s economic growth, but some are benefiting more than others and there are signs of slowing.
Unemployment has hit historical lows, falling from 4.7 percent percent in January 2017 to 3.9 percent last December. Wages, however, have been slow to catch up.
While the S&P 500 has risen roughly 16 percent since Trump took office, the path upwards has been rocky. Stocks are still recovering from the recent sell-off that saw the market post its worst year in a decade in 2018.
The Federal Reserve has raised interest rates 7 times during the Trump administration, which the president has openly condemned. “The only problem our economy has is the Fed,” he tweeted in December. Still, the Fed expects two more rate hikes in 2019.
White House officials have warned that the prolonged government shutdown could damage economic growth as unpaid workers dampens consumer confidence and government spending.
from Update News Zone http://bit.ly/2FKJ0dL
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