JPMorgan Chase: Trumps election will lead to a surge in US inflation, and the market is not ready
Odaily2024/06/29 08:33
By:Odaily
Odaily News JPMorgan analysts say a second term for Donald Trump appears to be a path to inflation that
markets may not be ready for. The market does not appear to have priced in the risk premium on the inflationary impact of the Trump campaigns main policies, JPMorgan analysts said in a note to clients. JPMorgan listed statements from the Trump campaign that proposed the following policy goals: plans to extend the 2017 tax cuts, severely restrict immigration through a program to deport illegal immigrants, and impose tariffs on imported goods. The report argues that these moves could all lead to inflation. Analysts note that Trump also plans to replace Federal Reserve Chairman Jerome Powell after his term ends and is talking about amending the law to reduce the Feds independence. But it adds that even if Republicans control both the House and Senate, amending the Federal Reserve Act to weaken the Feds independence seems unlikely to gain enough support in Congress. The report, released ahead of the presidential debate, concludes that Trumps policies overall could mean significant upside risks to inflation, inflation expectations, and U.S. Treasury issuance. (DL News)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!
You may also like
Sandbox’s Bullish Breakout: Could This Be the Start of a 200% Price Jump?
Cryptonewsland•2024/09/21 17:00
Charles Hoskinson Raises Concerns Over Trump and Harris’ Crypto Policies
Cryptonewsland•2024/09/21 17:00
VET’s Wave 3 Surge: Could It Be the Game-Changer to $2?
Cryptonewsland•2024/09/21 17:00
Turkey Implements New Regulations for Cryptocurrency Investor Protection
Cryptodnes•2024/09/21 16:05
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$63,229.11
+0.63%
Ethereum
ETH
$2,563.27
+0.67%
Tether USDt
USDT
$1
+0.02%
BNB
BNB
$584.96
+3.15%
Solana
SOL
$147.93
+0.07%
USDC
USDC
$1
+0.02%
XRP
XRP
$0.6072
+4.98%
Dogecoin
DOGE
$0.1092
+4.53%
TRON
TRX
$0.1524
+0.38%
Cardano
ADA
$0.3588
+1.89%
Bitget pre-market
Buy or sell coins before they are listed, including HMSTR, SCR, OGC, EIGEN, and more.
Trade now
Not a Bitgetter yet?Sign up now to embark on a journey into the crypto world!
Sign up now