US stock markets opened sharply higher, buoyed by Trump’s decisive victory. Treasury yields — or market interest rates — spiked, while the dollar has rallied against major currencies, partly as traders price in higher domestic inflation and therefore fewer interest rate cuts by the Federal Reserve.
https://edition.cnn.com/2024/11/06/economy/inflation-interest-rates-donald-trump-presidency/index.html
But in an ironic twist, some of Trump’s own policies – which he heavily promoted on the campaign trail – could send inflation soaring once more if enacted. Specifically, economists caution that his proposed policies on tariffs, immigration and taxes may do more to exacerbate inflation than curb it.
https://theconversation.com/soaring-inflation-helped-lead-trump-to-victory-heres-why-some-of-his-policies-might-drive-prices-higher-again-242443
But if he enacts many of the policies he proposed on the campaign trail, voters may see prices continue to rise, according to economists, analysts, and business owners.
“There’s a lot of inflationary pressure in his promises,” says Simon Johnson, one of the 2024 winners of the Nobel Prize in Economics and a professor at MIT’s Sloan School of Business.
https://time.com/7175083/donald-trump-presidency-inflation/