US President Trump says the US economy is booming and inflation has been defeated. Thinks the US will shortly see growth that "perhaps no country has ever seen before". European nations, Japan and South Korea are partners of the US.
President Trump's remarks suggest a continued focus on strengthening the US economy, potentially creating a bullish sentiment for US assets and the dollar.
[PREVIEW] Norges Bank policy announcement on 22nd January 2026
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US President Trump says the US economy is booming and inflation has been defeated. Thinks the US will shortly see growth that "perhaps no country has ever seen before". European nations, Japan and South Korea are partners of the US.
Canadian PPI MoM (Dec) M/M -0.6% vs. Exp. 0.3% (Prev. 0.9%, Low. 0.1%, High. 0.5%)
Canadian PPI YoY (Dec) Y/Y 4.9% (Prev. 6.1%, Low. 5.7%, High. 5.8%)
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US
- Sees Q4 GDP at 5.4%.
- Thinks growth will be double the IMF forecast level, and his tariff and growth policies will see it increase "much more".
- US domestic steel production is up by 300k/T per month.
- NatGas production is at an all time high.
- Avoided the "green new-scam", criticises wind-driven energy generation.
Venezuela
- Venezuela will do fantastically well.
- Picked up oil from Venezuela last week, profits will be split 50/50.
- All major US firms will be getting involved.
Europe
- Some places in Europe are "not recognisable", wants to see Europe "go good" and the UK as well. European nations are destroying themselves.
- Green energy focus and migration has hurt Europe.
- Complimentary of German Chancellor Merz re. energy policy.
- Noticed a correlation between the number of windmills a nation has and how poorly that nation is doing/how much money they are losing.
Nuclear
- In a world of nuclear energy. Can be done safely and at a good price.
- US is going heavy into this, could lead the world.
His critique of European energy policies and emphasis on US domestic production could lead to divergence in economic outlooks, reinforcing a stronger USD against the EUR and JPY, particularly if his growth forecasts materialize. This narrative may also pressure commodity markets, especially if investment flows towards US energy firms gain momentum due to favorable policies.
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