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Drop-In: 100 Days In – The economic impact of Trump’s second term so far

The tradition of gauging a president’s progress by their first 100 days began with FDR’s whirlwind start in 1933 – but it’s the opening stretch of Donald Trump’s second term that is proving one of the most consequential yet.

From challenging norms around executive power to waging war on the federal bureaucracy to trying to reshape America’s role in the global economy, President Trump has wasted little time – and he’s signaling there’s much more to come. But how is this flurry of action shifting the outlook for the US economy? What more should investors expect from the Trump agenda, and how is all of this affecting Federal Reserve policy?

In this special 100-day briefing on Wednesday 30th April at 10:00 ET/15:00 BST, our US Economics team will take stock of a dramatic start to Trump’s second term and its impact on the economy and answer your questions as they tackle key issues, including:

  • Whether tariffs – and the uncertainty surrounding them – risk pushing the US into recession;
  • What to expect from the administration’s evolving tax plans;
  • Why we continue to expect the Fed to remain on hold until 2026.
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