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In terms of economic performance, the equity markets have displayed resilience despite elevated interest rates. Long-duration equities are performing well, suggesting a growing confidence in the administration's economic proposals, which could entail tax modifications favorable to broader market participation.
Regulatory Changes and Economic Growth Potential
Deregulation is another cornerstone of the current administration's plan, with expectations of discarding a vast number of existing regulations. Such moves aim to catalyze economic activity and streamline government functions, fostering a conducive environment for business innovation.