How the outcome of the election couldimpact your wallet
Published On Nov 5, 2024, 6:00 AM
As the election results come in, voter concerns are focused on how the outcome may affect their finances, particularly regarding inflation, housing affordability, and retirement. While a president has limited ability to directly control inflation, the economic policies they implement could have significant impacts. For instance, excessive fiscal stimulus and tariffs could worsen inflation, while housing affordability challenges largely stem from market dynamics and local regulations. Analysts suggest that the composition of Congress could influence how effectively a president can enact their policy agenda. Investors should be aware that market trends typically show rallies after elections, which may create investment opportunities in the broader market.