US Economic Growth Being Hit By Volatility At Home And Abroad

(idexonline.com) - Three months into his administration, President Trump appears to be running into reality. Political changes at home are much more difficult to achieve than previously thought. And abroad, there are serious developments and volatility beyond what he might have foreseen. All of that has smudged his palette and, consequently, makes the picture a lot less clear. Following the initial euphoria, US economic growth remains lackluster. And uncertainty as to whether the Trump administration can pass key reforms, despite controlling both the Senate and the House of Representatives, are making markets somewhat edgy. The stock market is looking for evidence that U.S. corporate earnings will remain robust and that policies on tax reform, regulation (or, rather, deregulation) and infrastructure will gain lawmakers' approval.