Get Ready For Inflation And Interest Rates To Rise Again

President-elect Donald Trump wants to implement high tariffs on imported goods.Anna Moneymaker/Getty ImagesPresident-elect Donald Trump said he would implement tariffs on imported goods.Economists said the proposals could boost inflation and raise prices for consumers.The Federal Reserve would likely respond to inflation by raising interest rates to curb demand.One of the first policies President-elect Donald Trump is expected to enact after being sworn into office is imposing taxes on imported goods.Many economists say these tariffs, as well as some of his other proposals, could kick-start another bout of inflation and interest-rate hikes.Trump has said that his proposals would not impact US prices.

BING NEWS:
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  • Bank of England Cuts Interest Rates, but Warns of Sticky Inflation
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    11/6/2024 - 11:10 pm | View Link
  • Get ready for inflation and interest rates to rise again
    In an economic chain reaction, households would then pay higher interest rates on borrowing of all kinds as the Fed moves to tame that newly rekindled inflation. Ramping up tariffs from Trump's first ...
    11/6/2024 - 8:58 pm | View Link
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