As we prepare for 2025, a new chapter unfolds for the U.S. economy. Federal Reserve rate cuts, paired with the fiscal policies of a second Trump administration, could reshape economic dynamics. Key highlights and challenges: • Expected renewal of the Tax Cuts and Jobs Act of 2017, with potential corporate tax reductions and restored state and local tax deductions. • The Fed’s cautious approach to rate cuts amid concerns of economic overheating. • Potential disruptions from tariffs on Chinese goods, tighter immigration policies and the fiscal strain of unfunded tax cuts and spending increases. As policies evolve, businesses must navigate potential disruptions—and seize opportunities. Learn more from our Chief Economist Joseph Brusuelas in the latest edition of The Real Economy: https://rsm.us/3BvXAF9
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Interesting insights on how upcoming policies could reshape the economic landscape—definitely important for businesses to stay informed!