The Journal’s latest survey shows that forecasters expect higher inflation than they did in October—but also higher GDP growth.

Economists warn Trump’s policies could reignite inflation, keeping the Federal Reserve cautious on rate cuts. With inflation easing to 2.9%, Trump must balance policy ambitions with economic realities to sustain growth and improve public confidence in the economy.

In the words of the editorialists, “China’s economy remains in the doldrums,” and “In hopes of pulling the country out of this hold, Chinese leaders are stepping on the gas for exports.” The bet here yet again is that the writers could be persuaded to rethink their pessimism about production and exports,