The Trump Administration's Affordability Plan

Principal Financial Group1.22K FollowersFollow5ShareSavePlay(21min)CommentsSummaryThe economy was among one of the focal areas of President Donald Trump’s State of the Union address last month.Despite the surprising resilience of aggregate consumer spending data, consumer confidence remains very poor.As affordability pressures have intensified for many households, public sentiment toward the Trump administration has weakened.Given that the effects of the One Big Beautiful Bill and the lagged impact of last year’s Fed rate cuts are still filtering through the economy, there is a foundation for growth even without major new affordability initiatives. stuartmiles99/iStock via Getty Images By Christian Floro, CFA, CMT Market Strategist The economy was among one of the focal areas of President Donald Trump’s State of the Union address last month. Indeed, as more voters sour on the administration’s ability toThis article was written byPrincipal Financial Group1.22K FollowersFollowThe Principal Financial Group (The Principal®) is a global investment management leader offering retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $519.3 billion in assets under management1 and serves some 19.7 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States.

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