Btw, investors are over the initial shock of new tariffs. Stable markets, routine trading days on Wall Street. As I posted a couple of weeks ago, AI logarithms greatly enhance forecast accuracy. Complete game changer.
For those still freaking about tariffs, there is an internal message coming from the Trump economic team to business leaders that high tariffs are not viewed as a long term solution but just one tool to boost the manufacturing sector. Everyone knows it will take years to bring those jobs back.
Forecasters are now shifting. Slow growth the remainder of this year then an uptick in 2026 seems like the most likely scenario. Consumers say they still lack confidence, but their spending habits tell a completely different story. Retail sales are up, job numbers are good, and wages are outpacing inflation.