Trump's Promises Challenged by Pandemic

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higher borrowing costs

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recession fears

Associated Press News

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US Politics

Trump’s inheriting a solid economy, making it harder to lower borrowing costs or inflation

Summary

Nutrition label

82% Informative

Economic growth is solid, driven by healthy consumer spending, and budget deficits are huge.

Meanwhile, businesses are borrowing more to step up their investments in data centers and artificial intelligence.

All of these trends will likely keep borrowing costs higher, including for homes and cars.

The biggest reason for the likely persistence of higher borrowing costs is surprising resilience of the economy.

Investors are discounting Trump 's tariff threats, hoping that he intends to use them as leverage in international talks, rather than permanently impose them.

Trump has helped spark the rise of protectionist measures around the world, after two decades of globalization.

Another shift is that stubbornly high yearly budget deficits threaten to lift interest rates.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive