Trump's economic policies drive global interest rates higher and strengthen US dollar

Donald Trump's "America First" agenda is causing global interest rates to rise, leading to increased bond yields and a stronger US dollar. This shift follows unexpectedly strong US job market data, which has unsettled investors. Since mid-September, US Treasury bond yields have surged, with 10-year bonds rising from 3.62% to 4.76%. The 30-year yield briefly exceeded 5%. This trend reflects growing concerns about inflation linked to Trump's economic policies. The Federal Reserve's outlook has changed, with markets now expecting fewer rate cuts this year. The dollar has strengthened significantly, impacting global economies, particularly emerging markets. Investors are reassessing the implications of Trump's policies on economic stability.