Coming up Trumps: US inflation news promises some economic reprieve
He’s decidedly not everyone’s cup of tea, but the almost-incredulous news that Donald Trump is the favourite for the 2025 US Election is having a positive effect on the market.
Shaw and Partners Senior Advisor Owen Clare told Millsy and Lachy on 6PR Breakfast the news of inflation rates slightly dropping on the Dow Jones last night means some reprieve might be on the way for our bottom line.
Mr Trump’s pole position will potentially increase consumer confidence into next year.
“He’s not my kind of guy, but from a market point of view if he wants to get in, that’ll probably be a positive from a market point of view,” Mr Clare said.
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