0419 GMT - It's tempting to take comfort in the fact that no tariff were imposed in the first week of Trump's presidency, but it's extremely early days yet, DBS chief economist Taimur Baig says. Stocks and bond rallies point to ebbing fears of inflation or fiscal slippage, and a USD selloff suggests tariffs will prove benign. But Trump has talked about his belief in tariffs for four decades, and DBS's team is skeptical that his term will begin and end with minimal tariffs. Trump's mercurial policy-making poses myriad risks, including retaliation from other nations, Baig says. And the U.S. macro cycle is not conducive to a bout of policy fog. "Trump's actions to deregulate and cut taxes, and desire to tighten labor supply and lower borrowing costs, are a recipe for economic overheating." (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
January 26, 2025 23:19 ET (04:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。