How Trump Could Affect the Economy


Staff Report , Published: November 7, 2024, 3:11 pm

How Trump Could Affect the Economy

Following Donald Trump’s victory, financial markets responded with record highs in stocks, a stronger dollar, and soaring bond yields. Analysts attribute this surge to expectations of increased government spending, lighter regulation, and possible economic acceleration. Trump’s economic strategy hinges on reducing inflation through deregulation and addressing gas prices, although economists caution this could lead to more inflationary pressure in the long term.

Policy decisions on critical issues like trade, technology, climate, and artificial intelligence remain uncertain, leaving economists and global leaders closely watching how Trump’s administration will shape the economic landscape.