Stock Market Reaches Record High This Week
WASHINGTON – Plymouth Union Public Advocacy, a conservative non-profit organization that aims to advance public policies that make America stronger and more prosperous, is proud to highlight President Trump’s leadership in reviving the U.S. economy since assuming office nine months ago, marking one of the most robust periods of growth in recent years.
Key economic indicators have signaled broad-based momentum across the American economy. The stock market reached a record high this week as businesses are investing in America again, which underscores the effectiveness of President Trump’s policies that are aimed at revitalizing American dominance.
But don’t just take our word for it… Here’s what they’re saying:
Trump economy raises optimism to four‑year high
“After sinking to an 11-year low under former President Joe Biden, Americans’ faith in the economy and direction of the nation is back on track and shooting higher.
In the latest McLaughlin & Associates national survey, the percentage of voters who believe the country is on the right track has jumped 10 points since Inauguration Day, to 44%, and those viewing it on the wrong track have dropped 16 points to 49%.”
US economy notches fastest growth pace in nearly two years in second quarter
“The U.S. economy grew faster than previously estimated in the second quarter amid strong consumer spending and business investment, though momentum appears to be slowing as the effects of tariffs and policy uncertainty start to filter through.
The quickest growth pace in nearly two years reported by the Commerce Department on Thursday also reflected a sharp contraction in the trade deficit as the flood of imports slowed.”
The Tariff Effect: Billions in Revenue but No Economic Earthquake
“The U.S. government has collected about $127 billion in tariff revenue so far this year from importers, about $72 billion more than it had at this point last year, according to the Penn Wharton Budget Model. Trump has suggested that the extra revenue can replace income tax for many Americans, particularly those earning under $200,000… Tariffs could bolster some types of domestic manufacturing—particularly sectors such as steel that have excess production capacity that can be ramped up fairly easily. Already, some small and midsize manufacturers have reported signs of increased orders in recent months from customers looking to avoid paying tariffs—especially during the brief period before Trump rolled his new 145% import levies on Chinese goods back to 30%.”
Mortgage rates fall to lowest level of 2025
“Americans frustrated by high home borrowing rates may have gotten some welcome news this week.
The average 30-year fixed mortgage rate dropped to 6.19% for the week ending October 23, down from 6.27% last week, according to Freddie Mac data released Thursday.
After years of sluggish activity, sidelined homebuyers may finally be ready to jump back in, with mortgage rates now at their lowest level in more than a year and home prices softening across many major metro areas.”
US Small-Business Optimism Rises to Five-Month High on Economy
“Sentiment among US small businesses climbed to a five-month high in July as owners grew more upbeat about the economic outlook, fueling a pickup in expansion plans.
The National Federation of Independent Business optimism index increased 1.7 points last month to 100.3, according to data out Tuesday. Six of the 10 components that make up the gauge improved.”
Producer Prices: There Was No Inflation At All In June
“Prices paid to American businesses for goods and services held steady in June, defying predictions that tariffs would create inflationary pressures in the U.S. economy.”
The U.S. Economy Is Regaining Its Swagger
“The stock market is reaching record highs. The University of Michigan’s consumer sentiment index, which tumbled in April to its lowest reading in almost three years, has begun climbing again. Retail sales are up more than economists had forecast, and sky-high inflation hasn’t materialized—at least not yet.
“We’ve been surprised again and again by consumers,” said Jonathan Millar, senior U.S. economist at Barclays. In April, Millar predicted that the U.S. economy would likely go into recession this year. He now expects it to keep growing, albeit at a slow pace.”
Consumer Confidence Unexpectedly Jumps on Rising Hopes for Jobs and Business Conditions
“The Consumer Confidence Index climbed to 97.2 this month, up from a revised 95.2 in June. Economists had forecast a reading of 95.8. The rise was driven by improving expectations for business conditions, employment, and income, particularly among adults over the age of thirty-five and across nearly all income groups.”
Price of eggs has dropped 61% since Trump took office
The price of eggs has dropped just over 61% since President Donald Trump took office in January, after spiking to an all-time high in March.
Iowa taxpayers expected to see average of $3,000 in savings
“President Trump’s “big, beautiful bill” is expected to save Iowans an average of $3,139 on their federal taxes next year, according to an analysis released last week by the Tax Foundation.
Why it matters: The savings could free up money for people to spend on other things, potentially giving Iowa’s economy a much-needed boost.
Catch up fast: The bill also includes new tax breaks for tips and overtime income, a cut for seniors, and an expanded child-care tax cut, all of which expire in 2028.”