Trump's Election Impacts Economy, Consumers

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biggest economic concerns

CBS News

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5 ways Trump's next presidency could affect the U.S. economy — and your money

Summary

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82% Informative

Trump ran on a campaign that vowed to tackle those issues, pledging to bring prices down "very quickly" Wall Street is predicting that his policies could boost corporate growth,by as much as 2.2% on Wednesday .

But some experts note that Trump 's plans may also boost inflation, potentially hurting consumers.

Economic forecasts depend on Trump pushing through changes to the tax code, regulations and other laws.

But, he added, GDP growth could eventually fall to 0.6 percentage points lower in 2028 than earlier projections due to the impact of deportations and higher tariffs.

Mortgage rates aren't likely to fall, says Bright MLS chief economist Lisa Sturtevant .

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