Trump Highlights Economy, Saudi Investment, and Lower Inflation in Latest Speech
US President Donald Trump delivered a public address on Tuesday evening, focusing primarily on the domestic economy, international investment relations, and political dynamics as the year draws to a close. In his speech, Trump emphasized his administration's commitment to lowering prices of basic necessities and strengthening domestic investment.
Trump stated that prices would soon fall, emphasizing that the US economy was on a rapid recovery path under his leadership. "Prices are coming down," Trump said while speaking at a meeting of McDonald's restaurant owners, while also declaring that the public was fortunate to have been elected president. The remarks were quoted by the New York Post.
On the same occasion, Trump also addressed the downward trend in his approval rating, but noted that support from certain groups was actually increasing. "The approval rating is going down, except for the smart people," he said, as reported by Reuters.
The evening's speech also touched on foreign economic relations, particularly following a series of meetings with Saudi Arabia's Crown Prince, Mohammed bin Salman (MBS). Trump emphasized that Saudi Arabia is committed to investing billions of dollars in the United States, which he called a victory for the national economy. This information was reported at an investment forum in Washington.
Economic observers believe Trump's statement regarding lower prices and increased foreign investment could provide positive support for the stock market, but bond and commodity markets, including gold, will await concrete policy details, particularly regarding inflation and government spending.
The speech comes amid heightened global market attention on the direction of US fiscal policy and the domestic economic pressures still facing the public, including the soaring cost of living and job uncertainty following the cancellation of the October jobs report by the BLS.
Source: Newsmaker.id
