US economists more upbeat, see Trump tax cuts extended: NABE

Published On Nov 25, 2024, 6:00 AM

US economists are optimistic about the economy, predicting stronger growth in 2024 and 2025, driven by moderated inflation and anticipated reductions in federal interest rates. A significant contributor to this positive outlook is the expectation that the Trump-era tax cuts will be extended. These tax cuts are viewed as crucial for economic growth, and the upcoming administration under Trump is expected to push for their permanence. Overall, there is an increased confidence in the economic trajectory amidst favorable business conditions and policy support.

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Stock Forecasts

WFCView WFC chart on TradingView

Positive

The extension of tax cuts is likely to enhance corporate earnings and boost consumer spending, both which are positive signals for key sectors of the economy, particularly those linked to consumer discretionary and industrials.

FView F chart on TradingView

Positive

As an industrial giant, Ford may benefit from economic expansion driven by tax cuts owing to increased consumer spending and potential growth in automotive sales as disposable income increases.

FDXView FDX chart on TradingView

Positive

FedEx, being a logistics company, could see a positive ramp-up in business activity with increased economic growth and consumer spending, suggesting a positive investment outlook for the company as demand for shipping rises.

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