What Trump's win means for Fed, economy & more: Opening Bid

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The 2024 US presidential election has come to an end, with former President Donald Trump securing his second term.

With Trump's victory in the 2024 presidential election, the nation now turns its attention to the implications of his return to the White House.

On today's episode of Opening Bid, host Brian Sozzi is joined by a panel of experts — including Truist Co-CIO & chief market strategist Keith Lerner, Wind Shift Capital founder Bill Blain, and State Street Global Markets head of equity research Marija Veitmane — to break down the aftermath and what this outcome means for markets and the economy moving forward.

The panelists discuss the relief rally occurring in markets (^DJI, ^IXIC, ^GSPC) in the wake of Trump's victory, as well as the outlook for inflation, the economy, and key geopolitical issues like the ongoing situation in Ukraine. They also examine the potential impact of Trump's policies, including his approach to trade tariffs, on industries such as Tesla (TSLA) and the broader electric vehicle market. Additionally, the experts weigh in on the potential risks to Federal Reserve Chair Jerome Powell, whose position has been threatened by Trump in the past.

To watch more expert insights and analysis on the latest market action, check out more Opening Bid here.

This post was written by Angel Smith