Investors expecting a dovish Federal

Investors expecting a dovish Federal Reserve could instead encounter sustained monetary tightening, as Trump’s populist policies keep inflationary pressures high. Initial optimism around deregulation and tax relief may quickly be overshadowed by the broader economic fallout. Emerging markets such as South Africa are especially vulnerable to the dual threats of reflation and redollarisation. Trump’s protectionist agenda and potential geopolitical flare-ups could reignite inflationary pressures or disrupt commodity prices, driving investors back to the US dollar. This would reverse prior rate cut benefits and weaken currencies across emerging markets. สล็อต เว็บตรง