Yesterday a new tax reform was adopted in the United States. This victory can be attributed to Donald Trump and the Republican Party. The chief economist of the White House Kevin Hassett said that it is possible that the US economy will be able to maintain growth rates in the region of 3%.
According to the new taxation plan, this will eventually lead to an increase in taxes on Americans with incomes below 75,000 per year until 2021. Such news yesterday led to a weakening of the reserve currency but supported the stock indices, which again rushed up.
Yesterday evening a series of speeches by members of the Fed took place, at which Robert Kaplan said that inflation still has not reached the target level of 2%, but is eager for it. The data from the Federal Reserve showed that production in the manufacturing industry had increased relative to the previous month.
Today the US will publish an indicator of issued building permits, which is forecasted higher than the previous month. This indicator reflects the situation in the real estate market - in case the figure is more than expected, we forecast bullish sentiment against the dollar.
