Markets soar as reports suggest Trump's team plans a gradual tariff hike to avoid inflation.

US futures and global stocks surged while the dollar weakened after a Bloomberg report indicated that Trump's incoming economic team is considering a gradual increase in trade tariffs, around 2% to 5% monthly, to avoid high inflation. This cautious approach has made markets more optimistic, though uncertainty remains as Trump has not confirmed or denied the reports. Markets are also focused on upcoming US inflation data and corporate earnings to gauge economic health.

January 14, 2025
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