Getting off to a running start the US Fed recently cut its key interest rate after the news spread about the Trump win. We also saw the cryptocurrency market respond as well.
Despite any ideas that there might be new leadership with the Fed though, Powell has reportedly suggested he likely wouldn't resign from the position.
What are things going to look like with a variety of new import fees on goods coming in as well, how is that going to help with the cost of living and small businesses who are already struggling in the country?
All in all when we pass the next 4 years, are we going to see a drastically different environment economically? Will much change with foreign policy? Will debt be worse? The cost of living has been one of the biggest issues for millions of voters and there have been big promises to drastically reduce energy costs which could have a big impact on the average standard of living if those promises are fully realized.
Just a few months ago surveys had most Americans showing a negative view on the economy but that's likely changed for a number of people now who have hope that everything will turn around. Concern for the economy is why a number of people even voted for Trump in the first place but we'll have to wait and see yet how much change will be made in their favor.
Pics:
pixabay
sources:
https://www.bbc.com/news/articles/cn4v7vwgqj0o
https://www.cnbc.com/2024/11/07/powell-trump.html
Optimism is at an all time high... except for some who are convinced the world is ending. I mean THEIR democracy is loosing a lot of power. !BBH
@doitvoluntarily! @ironshield likes your content! so I just sent 1 BBH to your account on behalf of @ironshield. (14/100)
(html comment removed:
)