As the US navigates through 2023, the policymaking landscape appears to be a delicate balance. With tax and spending changes set to unfold next year, their immediate influence will be minimal. Meanwhile, immigration restrictions will gradually impact the economy, as recent immigrants may not instantly engage in the labour market. In contrast, prior immigrant groups are expected to bolster labour supply this year.
Among the unpredictable elements in this forecast is trade policy, which remains a significant wild card, alongside emerging risks like DOGE. Interestingly, deregulation might present an upside, potentially enhancing productivity and invigorating business investment. A forthcoming webinar will delve into these policy matters, examining the near-term economic outlook and future prospects for the Federal Reserve.
This insightful webinar will be conducted on a new platform, ON24. Participants are reminded to check their junk and spam folders for the confirmation email to ensure they secure their spot in this engaging discussion.
Expert Ryan Sweet, the Chief US Economist at Oxford Economics, leads the charge in understanding macroeconomic trends and their effects on monetary policy and financial markets. Renowned for his precise forecasts, Ryan’s credentials include a rich background at Moody’s Analytics and academia at West Chester University of Pennsylvania.
Michael Pearce serves as the Deputy Chief US Economist, collaborating with Ryan on economic forecasting, emphasizing consumer behaviour and inflation. With extensive experience from the UK Treasury and Capital Economics, Michael complements his expertise with degrees from prestigious institutions, including the London School of Economics.
The article discusses the evolving US policymaking landscape in 2023, highlighting minimal immediate impacts from tax and spending changes, gradual effects of immigration restrictions, and significant uncertainties surrounding trade policy and deregulation. A webinar featuring economists Ryan Sweet and Michael Pearce will explore these issues further.
In summary, 2023 is poised at the intersection of policy transformation and economic potential for the US. As changes unfold gradually, their full effects may reveal both challenges and opportunities, particularly in trade and deregulation. The insights from the upcoming webinar, alongside the expertise of Ryan Sweet and Michael Pearce, promise to illuminate the path ahead for US policymaking and economic trends.
Original Source: www.oxfordeconomics.com
