Business Investment
July 08, 2025
U.S. NFIB Small Business Optimism Index (June 2025)
Small business confidence remained steady in June at relatively subdued levels as uncertainty remained elevated. The number one concern for small businesses continued to be taxes, as Congress worked to pass the One Big Beautiful Bill Act (OBB) and prevent the end of year tax hike resulting from the expiration of the 2017 Tax Cuts & Jobs Act.
April 02, 2025
U.S. Liberation Day Binds The World To High Tariffs
The U.S. administration announced broad reciprocal tariffs today, targeting all trading partners, and not just the countries that run large trade surpluses with the U.S. The tariffs will be implemented under the International Emergency Economic Powers Act (IEEPA) of 1977.
January 06, 2025
Climate Policy in a 2nd Trump Term – What’s on the Chopping Block?
Climate policy is set to take a major U-turn under Donald Trump’s second term. The president-elect will likely prioritize rolling back regulatory powers and direct spending that expanded significantly under President Biden.
September 13, 2024
U.S. 2024 Election: Economic and Financial Implications
Elections matter for the economy, but financial markets are likely to be particularly attuned to the current election cycle given America’s unsustainable fiscal trajectory. The make-up of Congress will determine how much of the future President’s agenda can be implemented. A divided Congress will likely force the next President to make significant concessions relative to their current platform proposals.
