Markets expect his policy package to harm trade and growth but reduce business taxes
. A less rapid pace of interest rate cuts. The financial market reaction to Donald Trump’s return to the White House was swift and predictable.
But putting up barriers to trade and reducing business taxes would boost the profits of corporate America, which explains why shares on Wall Street look set to rally when trading opens later.– being warier about cutting interest rates. Financial markets still expect a 0.25 percentage point cut in US rates on Thursday but thereafter the outlook appears less clearcut.
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