But Wall Street doesn’t believe the looming immigration crackdown will live up to Trump’s campaign trail hype. Nearly half of the investors anticipate annual immigration will average between 500,000 and 1 million under Trump, according to Goldman Sachs. The Wall Street bank found that more than 20% of investors expect immigration under Trump will be above the pre-pandemic pace of 1 million per year. “Our forecast is only moderately below the pre-pandemic trend because there are legal and logistical limits to executive action,” Goldman Sachs economists led by Jan Hatzius wrote in the report. Just about 10% of investors expect the Musk-led commission will be able to reduce government spending by more than $400 billion a year, Goldman Sachs found.

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Persons: Donald Trump, Goldman Sachs, Trump’s, Trump, ” Goldman Sachs, Jan Hatzius, There’s, Elon Musk’s, Musk, Howard Lutnick, ” Musk, Larry Summers, It’s, ” Glenn Hubbard, George W, Bush, it’s, “ Elon Musk, ”, Marc Benioff Organizations: New, New York CNN, Trump, Republican, Elon, Department of Government, Department of Government Efficiency, Social Security, Columbia University’s Business, Economic, of New, Nasdaq Locations: New York, United States, Madison, New York City, of New York, China, Russia