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📰 TRUMP’S POLICIES COULD EVENTUALLY HALT FED RATE CUTS, EVEN PROMPT HIKES U.S. President-elect Donald Trump’s tariffs and immigration proposals could increase inflation, potentially forcing the Federal Reserve to halt interest-rate cuts or even raise rates, says T.Rowe Price’s Tim Murray in a note. This could lead to significant market volatility, the capital market strategist says. “The energy and financial sectors might benefit from a friendlier regulatory environment, while renewable energy companies could face pressure if parts of the Inflation Reduction Act are repealed,” he says. An assertive trade policy with increased tariffs could impact non-U.S. stocks and lead to volatility in affected industries. The 10-year U.S. Treasury yield falls 0.5 basis points to 4.782%, according to Tradeweb.

January 15, 2025
Frank

TRUMP’S POLICIES COULD EVENTUALLY HALT FED RATE CUTS, EVEN PROMPT HIKES

U.S. President-elect Donald Trump’s tariffs and immigration proposals could increase inflation, potentially forcing the Federal Reserve to halt interest-rate cuts or even raise rates, says T.Rowe Price’s Tim Murray in a note. This could lead to significant market volatility, the capital market strategist says. “The energy and financial sectors might benefit from a friendlier regulatory environment, while renewable energy companies could face pressure if parts of the Inflation Reduction Act are repealed,” he says. An assertive trade policy with increased tariffs could impact non-U.S. stocks and lead to volatility in affected industries. The 10-year U.S. Treasury yield falls 0.5 basis points to 4.782%, according to Tradeweb.