Opinion
Second subprime crisis more likely with Trump in the White House
Investors need to start preparing for how a re-elected Donald Trump will shape inflation, interest rates, and hence asset prices.
Christopher JoyeColumnistWith the US Federal Reserve desperately seeking to lower interest rates in September to bolster Joe Biden’s electoral prospects, one topic that has not commanded enough attention has been what a Trump presidency will mean for markets.
Helpfully, The Wall Street Journal has just released a survey of economists that reveals inflation and interest rates are likely to be higher for longer under a Trump regime.
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