Getty ImagesHigh prices helped Trump get elected. Economists say his proposals could also be inflationary.Lower taxes, new tariffs, and deportations are seen by some as driving inflation and higher rates.The Fed may be forced to hike interest rates if inflation rebounds, raising borrowing costs for Americans.A key sticking point for the 73,479,065 Americans (and counting) who voted for President-elect Donald Trump was inflation.Many people tired of high prices on everything from cars to gas to eggs and milk ended up voting with their wallets.
Similar Stories to Economists Say Trump Could Give Americans The Very Thing They Voted Against on Bing News
mfox@businessinsider.com (Matthew Fox), Business Insider
Sun, 11/10/2024 - 2:00am
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BING NEWS:
- Economists say Trump could give Americans the very thing they voted against
Trump's campaign promises of broad-based tariffs, mass deportations, and lower taxes are seen fueling a new era of inflation in the US.
11/9/2024 - 8:19 pm | View Link - Trump says he has an ‘unprecedented mandate.’ The facts tells a different story.
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11/7/2024 - 11:11 am | View Link - Trump's win gives Americans who want to defend democracy a big to-do list
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