As the U.S. economy hits record highs, all eyes are on the upcoming November 5th election. With inflation cooling, job growth steady, and consumer confidence soaring, Americans are optimistic—but they’re also expecting the next president to maintain this momentum without risking financial stability.
🇺🇸 Election Stakes: Harris vs. Trump
S&P 500: Up over 50% since Biden took office, including a 24% climb this year alone.
Public Concerns: A recent poll shows 44% of Americans believe an economic collapse is at least somewhat likely, so voters are watching closely.
Harris’s Economic Vision 🌐
Corporate Taxes & Price Controls: Harris aims to raise corporate taxes, cap price hikes on essentials, and offer subsidies for housing and childcare.
Criticism: Some economists argue her policies could increase hidden costs, and corporate tax hikes could stifle growth, yet Harris is focused on benefits for the middle class.
Trump’s Economic Blueprint 🛤️
Tariffs & Tax Cuts: Trump plans to impose hefty tariffs on imports, with proposals ranging from 10% to 60%. His America-first policies also include deep corporate tax cuts and stricter immigration.
The Real Cost: Trump’s tariffs could add up to $7,600 in annual expenses for U.S. households, impacting consumers and risking job losses if a global trade war erupts.
The Dollar’s Reaction 💵
Strong Dollar Surge: October saw the dollar index jump 3.2%, bolstered by economic resilience and speculation about a Trump victory.
Market Jitters: If Trump wins, inflation concerns could delay Federal Reserve rate cuts, while Harris’s win might bring a minor dollar dip rather than a crash.
With the polls neck-and-neck, the stakes couldn’t be higher. Both Harris and Trump offer drastically different economic agendas, leaving Americans with a tough choice that impacts not only the U.S. but also the global economy. This election is about more than just policy—it’s about the future of economic stability, trade, and growth.
#Election2024 #EconomicOutlook #USDollar #USMarkets #GlobalEconomy 
