How a Trump Presidency Could Impact Inflation and Your Wallet

President-elect Donald Trump's proposed policies, including increased tariffs, mass deportations, and tax cuts, could inadvertently drive inflation higher despite his campaign promises to curb it. Tariffs may raise consumer prices by limiting supply, deportations could create labor shortages in key industries, and tax cuts might boost demand, all potentially leading to higher inflation. These policies could also prompt the Federal Reserve to raise interest rates again, complicating economic recovery and affordability for consumers.