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What direction will the USA economy ultimately take? The diverging data has sparked intense debate.
USA's economic data shows a serious divergence, sparking a debate about whether the anxiety caused by Trump's trade policies will push the already slowing economy into a serious decline. Surveys on consumer and business confidence, known as "soft data," warn that as Trump advances trade policies and drastically cuts federal spending, the economy is expected to slow significantly in the future. However, "hard data" from government statistics, such as employment and manufacturing, suggest that concerns about stagflation or even recession may be overstated. This mixed signal has left both Washington and Wall Street uneasy about the future of the USA. In just a few weeks, the USA has shifted from the global economic leader.
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