At this point, we’re only a few weeks into the Trump Administration and what that will actually mean for investors remains to be seen, but overall the prospects for 2017 seem rather bright on the domestic front. The macroeconomic expectations for this year, based on research my firm has conducted, are that (a) U.S. GNP growth will likely exceed 3%, (b) inflation will climb, and (c) interest rates will rise. Other potentially positive developments center on a likely increase in U.S. infrastructure and defense spending, the prospect of tax relief for businesses and individuals, and a decrease in burdensome regulations.
- American steel companies ‘fully prepared’ to supply pipelines, US Steel CEO says
- AAR estimates Class I railroads will spend around $22 billion on U.S. capex and maintenance in 2017