Trump's policies are top of mind for investors heading into 2025, with tariffs and an immigration crackdown seens as potential headwinds for the economy.

With dwindling momentum in equities, traders adjust expectations for December interest rates amid the latest inflation reports.

Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and expectations of a Republican lock on power in Washington next year.

S&P 500, Dow and Nasdaq are all at all-time high levels primarily on the back of falling inflation levels and the US Fed rate cut campaign.

While campaigning for a second term in office, President-elect Donald Trump declared “tariff” to be his “favorite word” and “the most beautiful word in the dictionary.” He regularly said he would use tariffs to raise federal revenue and increase jobs and manufacturing in the United States.

The election of former President Donald Trump, who will assume control of the White House in January, has left many wondering if another stimulus check could be on the way, with Trump having issued two during his first stint in office.