Bloomberg Surveillance Markets Weigh Trump Policy & Consumer Health
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Nov 29, 2024 Aneeka Gupta, Director of Macroeconomic Research at WisdomTree, shares her insights on Europe's economic challenges and what might change under a new Trump administration. Gene Marks, CPA and President at the Marks Group, discusses how Trump's tax plan could significantly impact small businesses. They delve into the implications of economic policies on consumer health, Black Friday shopping trends, and the evolving retail landscape, including a shift towards in-store shopping amidst supply chain delays.
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Dollar Strength
- The US dollar is likely to strengthen due to positive news and a weaker Euro.
- The expectation is for a "one-way street" for the dollar in the near future.
Trump Administration and Dollar
- Trump's tariff discussions and potential tax cuts will likely strengthen the dollar initially.
- Increased inflation from tariffs may limit the Fed's ability to cut rates.
Fed Policy and Currency Markets
- Currency markets suggest less aggressive Fed rate cuts due to potential inflationary pressures from Trump's policies.
- This divergence in monetary policy compared to other central banks may further strengthen the dollar.