This will kill Trump's chances, especially since he hyped how the tax cut would give us a booming economy!
Wall Street predicts economy slowing dramatically as 2020 nears
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BY TORY NEWMYER
with Bastien Inzaurralde
Federal Reserve Chairman Jay Powell recently suggested that economic conditions may be “too good to be true.” A new report from Goldman Sachs suggests he was on to something.
The bank is projecting economic growth will slow “significantly” in the second half of 2019 as the twin jolts from tax cuts and a bump in federal spending fade while the Fed continues raising interest rates. More precisely, it expects this year’s heady pace of 3 percent-plus growth will sink to 1.75 percent by the end of next year.
more:
http://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2018/11/20/the-finance-202-wall-street-predicts-economy-slowing-dramatically-as-2020-nears/5bf346a11b326b392905493e/?utm_term=.a43c40a2dc25
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