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Notably, Marcus indicates that the administration may not be ready for immediate, sweeping tariff actions on day one. Various discussions are ongoing, but concrete plans seem to be still in development, suggesting a more measured approach rather than an immediate overhaul of existing policies.
Economic Forecasts and the Role of Inflation
With critical reports around inflation and economic data looming, challenges abound. Marcus notes that the initial part of the year could witness continuation in the trend of rising inflation rates. This creates a dynamic environment where conservative factions within the Republican Party may feel incentivized to push for spending cuts, influenced by mounting concerns about deficit impacts.