The first 15 months of President Trump’s second term have seen a whirlwind of policy changes, many of which have been notable for their extreme nature.
The unemployment rate for US-born workers is 4.3%, unchanged from January 2025.
In Trump’s first term, steel tariffs allowed US steel companies to add 3,200 jobs but job losses in steel-consuming industries were estimated at 75,000.
Economic reports that are significant will move the markets, but most of them are not, and all of them are subject to revision.
The dollar index is down about 1% over the last year, although, unlike the 10-year Treasury, it is down more over the last three years and also well below the 3-year average.
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Trump, The Sequel: The First 15 Months
The first 15 months of President Trump’s second term have seen a whirlwind of policy changes, many of which have been notable for their extreme nature. President Trump’s style, his modus
