President Donald Trump on Tuesday cast aside the dark rhetoric of carnage and conflict that defined the start of his administration and left in its place a recitation of familiar campaign promises with few details on how he’d turn them into reality.
His first address to Congress featured an Obamacare repeal, a $1 trillion infrastructure plan, an immigration crackdown and a defense buildup. Designed to win the nation’s center, Trump’s remarks sprinkled patriotism and optimism over a politically divisive platform, and his calm and collected delivery won immediate applause among political pundits.
Yet governing requires Trump to provide direction, and there the speech fell far short of what many voters, lawmakers and investors said they wanted to hear. It’s unlikely to overcome the infighting and confusion that has stalled his legislative priorities on Capitol Hill.
USD Surges as Markets Back March Fed Rate Hike
EUR/USD – Euro Dips Ahead of German CPI, Manufacturing Reports
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Craig Erlam
Latest posts by Craig Erlam (see all)
- Earnings dampening the mood - 25 January 2023
- Choppy trading - 24 January 2023
- A big week of earnings - 23 January 2023