this post was submitted on 07 Nov 2024
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Economics

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Summary

The Federal Reserve has lowered its key interest rate by a quarter point, marking progress toward its goals of low inflation and unemployment, with inflation returning to the target 2% level and unemployment at 4.1%.

However, President-elect Donald Trump's proposed economic policies, particularly his plan for expansive tariffs, could disrupt this stability.

Analysts warn that Trump’s $3 trillion tariff proposal may re-ignite inflation, potentially forcing the Fed to halt further rate cuts.

Although Trump favors low interest rates to drive growth, his inflationary policies may lead the Fed to act against his preferences.

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[–] shortwavesurfer@lemmy.zip -2 points 1 month ago

I hope he does because I'm super bearish on the US dollar. I hold a mortgage because it will be easier to pay that mortgage in the future than it is today and I hold Monero because it won't inflate to hell while the US dollar does.