And then, suddenly, the panic eased.
Now Goldman Sachs economistsThe biggest factor in that shift came when the Federal Reserve opted not to not raise interest rates, a pleasant surprise to economists. Rose said lower-than-expected inflation led the Fed to keep rates modest.
The economy, too, has grown, allaying recession fears. According to the latest job numbers, the U.S. has the“It is hard to have a recession when unemployment is this low and interest rates are this low,” Richmond Federal Reserve president Tom BarkinThe biggest risk of recession comes from Trump himself. If he increases tariffs on more goods than the $200 billion in Chinese imports he’s already promised, the risk of a recession increases, Rose said.
Barring another recession, positive economic growth should mean good news for Trump in 2020. But as it stands, Trump is still relatively unpopular . And most forecasters
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