Plus, Heather Long at The Washington Post tells us what Trump’s policies could mean for the Federal Reserve.
Many gained on the prospect of lower taxes and the relief from uncertainty. But bonds declined on forecasts of bigger deficits.
Higher tariffs and lower taxes are key to Trump’s plan. The WSJ’s Greg Ip weighs their potential effect on the economy Biden and the Fed built.
The Fed’s Beige Book reports shortages in industries including technology, manufacturing and construction.
Here’s what tariffs on goods from China and elsewhere have already meant for businesses and consumers since his first term.
The president-elect’s economic policies could mean higher interest rates for longer.
Mass deportations could impact everything from growth to wages to inflation.
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