Despite two impeachments, 10 Jan. 6 Capitol riot congressional live televised hearings, four criminal indictments, 91 felony charges, and even two assassination attempts, Trump will duplicate Grover Cleveland’s achievement and reclaim the American presidency four years after defeat.

The Federal Reserve is starting to contend with how President-elect Donald Trump and his ambitious policies could influence inflation in 2025.

President-elect Donald Trump has vowed to repeal Joe Biden's signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts and credits at accelerating America's transition to a green energy economy.

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In a WalletHub Fed Rate survey, 74 percent of Americans said Trump's proposed tariffs would likely lead to more inflation down the line.

Economic issues, particularly living costs, were front and centre in 2024 as some 2 billion people went to the polls.

When it comes to the economy, the Republican president-elect won't express any gratitude toward the Democratic incumbent, but he probably should.

Trump’s ability to project strength and assure voters that he would reduce inflation helped him win November’s election. Stocks initially climbed on the prospect of tax and regulatory cuts, but Trump still faces a skeptical public and appears to be starting his presidency from a more delicate position than Biden did four years ago.

Shares have suffered heavy falls to end the trading week, and some economists say a trending change in markets could mean the rout is not over yet.

Inflation fell worldwide in 2024, but voters expressed discontent with rising prices from past years, leading to the defeat of incumbent parties. Donald Trump’s re-election in the U.S. exemplified global political shifts amid economic woes.

He has promised to tame price increases. But even a president can only do so much.

At stake is inflation, immigration, China relations, Russia-Ukraine war, Israeli-Palestinian crisis and climate change - Anadolu Ajansı