Some random thoughtsPosted By James Brown |
I certainly agree with the bolded part. I am not so sure Trump will enact all of his economic (and foreign policy) campaign hyperbole. Still, overreach by any president and party is pretty much guaranteed when they have Congress and the Oval Office, so we will see.Originally Posted by Rod Kaufman"Inflation is likely to rise in the United States and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike tariffs on all imported goods."
"Together with a Republican majority in the US Senate, Trump’s historic reelection, which CNN projected Wednesday, puts the former president in a strong position to implement his potentially radical economic agenda."
"US stock markets opened sharply higher, buoyed by Trump’s decisive victory, while the dollar is rallying against major currencies as traders price in higher domestic inflation and therefore fewer interest rate cuts by the Federal Reserve. (Higher interest rates tend to boost the value of a currency by attracting more capital from abroad as investors seek bigger returns.)"
"Investors are bracing for tariffs… which will push up the price of imported goods for American shoppers,” she wrote in a note Wednesday. Trump’s “vow to kick out immigrants with waves of deportations could also have economic ramifications, potentially pushing up wage bills for companies,..."
https://www.cnn.com/2024/11/06/economy/inflation-interest-rates-donald-trump-presidency/index.html
Bottom line: There's no free lunch here...