The Weekly Economic & Market Recap
The current U.S. economic expansion became the longest on record this summer. Despite a reasonably strong consumer and low unemployment, there are growing concerns of a possible recession. The yield curve is flashing caution, as the trade war continues to weigh on the global economy. The Trump administration is considering several options to give the economy a lift. One measure they are considering is a reduction of the capital gains tax. Capital gains tax reductions are often proposed as a policy that will increase savings and investment, provide a short-term stimulus, and boost long-term economic growth.