by Laura Beck
Yahoo! Finance
The 2024 election will be here before you know it, and economists are watching it closely.
If Donald Trump wins a second term, some experts believe it could affect the U.S.’s inflation trajectory — that a second Trump term would mean higher tariffs, deficits and other policies that would increase inflation. While forecasting economic conditions isn’t an exact science, experts can speculate using knowledge about the past and some clues about the future.
A new report from Allianz Research provides insights into how inflation could unfold under a Trump 2.0 presidency. The report shows that while some policies could increase inflation in the short-term, the overall inflation path would be shaped by factors like the Federal Reserve’s actions and broader economic conditions.