Trump teases more inflationary money for voters ahead of midterm elections, now promising $90 payments after touting $500 and $5,000 checks
That pledge — which would require approval from Congress — would likely cost more than $1 trillion, adding to the deficit.
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# Investment Summary Former President Trump's escalating campaign promises—progressing from $500 to $5,000 to now $90 payments to voters ahead of midterms—would require Congressional approval and likely exceed $1 trillion in spending, creating significant inflationary pressure and deficit expansion that could negatively impact bond markets and the U.S. dollar. Such expansionary fiscal policy would likely increase long-term interest rates and benefit inflation-hedging assets like commodities and TIPS, while pressuring equities dependent on lower-for-longer rate assumptions.
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