President-elect Donald Trump has created a headache for the Federal Reserve before he's even stepped into office. Inflation, part of the Fed's dual mandate of maintaining price stability with maximum employment,

Donald Trump will enter office with big plans to make his 2017 tax cuts permanent, solve a generational migration crisis, beef up the U.S. military to face down a rising China and to remake world trade through tariffs and combative negotiation.

The U.S. Federal Reserve will hold interest rates steady on Jan. 29 and resume cutting in March, according to a slim majority of economists polled by Reuters, as policymakers digest an expected barrage of new economic policies from Washington.

The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.

Donald Trump's economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect returns to the White House.

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.

Big investors are enjoying a stock market at an all-time high, driven by the tycoon’s victory. However, they are beginning to become suspicious of his costly proposals, which would drive up inflation

President Joe Biden looked back at his time in the Oval Office as a period of "hope, progress, and possibility," he said.

On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do the opposite.

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

Australian home building data will be scrutinised for signs of progress on housing supply as economists await Donald Trump's first policies as US president.