TKC Question: Will MAGA Economy Rescue Or Ruin Kansas City?!?

Up top, that's the new official photo for Prez-Elect Trump. There's a a lot to unpack but we like it precisely because we don't know what to make of it. 

Similarly . . . 

LOCAL ECONOMIC EXPERT CHATTER FEARS ANOTHER BOUT WITH INFLATION IN THE VERY NEAR FUTURE!!!

Of course those are just opinions but they come from EXPERTS PAID TO FORECAST THE ECONOMY rather than social media bots & people who watch too many online videos. 

Meanwhile . . .

As far as handouts from the feds . . . Now it will be time for so many GOP politicos to deliver on their red state connections with something more substantial than a feisty Fox news interview.

As always, we're throwing the question out to our readers but it's important to consider the words of local and international economic authorities . . . Check-it:

"Jeff Schmid, president of the Kansas City Federal Reserve, said growth has been running about 3% the past year, faster than before the pandemic. Strong consumption is the engine, driven by strength in the labor market.

"In general, Schmid said, many households are enjoying low debt-to-income ratios and strong asset price appreciation. But credit card data is starting to show signs of stress, suggesting not every household is in the same condition.

"(Connor) Lokar, senior forecaster at ITR Economics said, the bad news is that inflation will approach 3% by the end of the year and then push toward 4% in 2026.

"It's unrealistic to expect inflation to stay at 2%, the Federal Reserve to drop the federal funds rate to 0% and mortgage rates to drop to 3% or 4%, he said."

Another apt quote from a publication across the pond . . . :

Unveiling forecasts that predicted faster than expected growth for the US economy, the fund’s chief economist Pierre-Olivier Gourinchas said the president-elect’s policies could lead to a combination of surging demand and shrinking supply which would “likely reignite US price pressures”.

Read more via www.TonysKansasCity.com links . . .

KC economists: Expect good news in first part of 2025 to morph into challenges - Kansas City Business Journal

The No. 1 thing on the minds of economists in their outlook for 2025 is the likelihood of inflation rates once again rising toward the end of the year.

Trump's policies risk stoking inflation and preventing rate cuts, IMF warns

Taking drive for deregulation too far could push the US on to a 'dangerous boom-bust path', fund cautions

Developing . . .