'Warning lights are starting to flash' as Trump economy takes hold: MSNBC report

Due to a combination of factors, the economy under Donald Trump is heading in the wrong direction which should raise alarms.

That is the opinion of investment analyst and MSNBC contributor Steve Ratner who appeared on "Morning Joe" on Thursday morning with host Jonathan Lemire.

With his wall of charts, Ratner explained, "So the Federal Reserve put out some numbers last week on its expectations for the economy that I think, relative to everything I just talked about are worth noting. It took down GDP growth for this year from 1.7 to 1.4. This happens to match a World Bank number that came out a couple of weeks ago –– two very impartial forecasters."

"I would note that in 2024, the economy grew 2.8 percent. So in year one of Trump, we are going to grow, at least on track to grow exactly half of what we grew in the last year of Biden," he observed before pointing out unemployment is likely to hit 4.5 percent "by the end of the year."

Adding, "The Fed is now more a little more concerned about the economy than they were three months ago," coupled with a refusal to drop interest rates, he went on to state, "I don't want to necessarily pronounce stagflation, but when you're moving towards slower growth, more unemployment and somewhat higher interest rates, that is not the direction you want to be moving in."

"Yeah, warning lights starting to flash, no doubt about that," Lemire agreed.

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