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SPECIAL REPORT: President Trump's first year in office, a look at the economy

SPECIAL REPORT: President Trump's first year in office, a look at the economy (MGN Online)

In President Donald Trump's first year in office, the stock market has seen a steady rise and unemployment is the lowest it has been in 17 years.

According to data analytics company FactSet, the stock market on average grows 10 percent in the first year of a new president's term.

Since President Trump entered the oval office, the stock market has climbed 27 percent. Only three other presidents saw a higher climb in their first year.

"Each percentage point is 2.5 trillion dollars," Trump said to reporters earlier this month.

"We are back. We are really going to start to rock."

Trump has taken credit for the success, but there are several other factors that go into how the economy performs.

Economists say other markets will benefit from job growth.

"A strong labor market means consumer confidence goes up," said University of Missouri economist Dr. Aaron Hedlund. "And as confidence goes up people are spending and firms are willing to invest more."

Hedlund added that he thinks third and fourth quarter growth can be pointed partially to improvements in consumer spending.

Particularly on cars, business investment and buying houses.

"Mortgage rates are still low so it's still a good time to take on a mortgage before rates go up higher."

Hope Gerdes, a veteran financial advisor with Edward Jones in Jefferson City said 2018 is the right time to invest. But she warns investors not to keep all their eggs in one basket.

"If you have a long-term goal now would be a good time to invest," noted Gerdes.

"Keeping in mind with how much risk you're willing to take with your portfolio."

Gerdes offers classes to help guide first-time investors as well as classes to help investors save for long-term goals.

The direct impact a president has on the economy has been a widely debated topic.

President Trump called his tax cuts a "Christmas present" for middle-class Americans because of the expected trigger on job opportunities.

"I think times look good but I think its always prudent to prepare for when things will inevitably take a turn for the worse," Hedlund added. "That always happens eventually but luckily there aren't any signs of that right now."

In 2018 President Trump said he will look to make massive improvements to America's infrastructure.

Agreeing on a plan to improve infrastructure might take some time.

Democrats have said they hope to spend a trillion dollars on infrastructure, while Republicans said they're willing to spend 200 billion for the project.



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