Summary
President Trump and his team are confident that the U.S. economy will improve significantly early next year, due to a key bill he signed in July. Treasury Secretary Scott Bessent predicts positive changes like increased tax refunds and business investments. Meanwhile, Trump maintains that talk of a financial crisis is misleading.
Key Facts
- President Trump believes the economy will improve in early 2026 due to a bill signed in July.
- The July bill extended Trump's 2017 tax cuts, affecting tax returns and business incentives.
- Treasury Secretary Scott Bessent forecasts Americans could receive up to $2,000 in tax refunds.
- Businesses have increased capital expenditures, which could lead to more hiring and wage increases.
- Stock markets are expected to rise, driven by support for AI companies.
- Inflation is around 3%, unemployment is below 4.5%, and real wages have risen by about 1%.
- Some Americans struggle with increased costs for groceries and utilities despite positive economic indicators.
- Trump's messaging includes skepticism toward the term "affordability crisis," which he refers to as a "con job."
