If Donald Trump wins the US election, this is what will happen to the US economy as per economists
US economy if Donald Trump is elected to power at the White House after November, feel expert economists. This is quite a scary factor for Americans at this point, with Donald Trump approval ratings currently off the charts. The concept of a Donald Trump win is slowly becoming a strong possibility, with just a couple of days to go for the elections to begin.
Will mortgage rates soar if Donald Trump wins?
Research firm Capital Economics is of the opinion that mortgage rates will also shoot up to great levels once Donald Trump is elected to office. Moreover they have also stated that if Donald Trump is indeed elected, they would be raising their Fed funds forecast by around 50 basis points, says a Fortune report.
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Housing crisis to flare up after US elections?
The world of housing is currently in a weak position in the United States has inflation and mortgage rates are playing a key role, alongside the major housing crisis that has now just begun showing its wrath in metropolitan US cities.
In the meantime, Nobel Prize-winning economists have also submitted a letter that explicitly stated their concerns about Donald Trump's economic policies. They are of the opinion that his proposals bring back the proper flare and wrath of inflation, that could take the US economy a lot of time to recover from.
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A2Z Of Money
By — elearnmarkets, Financial Education by StockEdge
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