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I'm Lydia Who, and this is the Fox Business Rundown.

Monday, November 11th, 2024.

I'm Lydia Who.

The markets are kicking into high gear, trading on the Trump win, as many American consumers may now be looking to the president-elect to fix financial woes.

We're kind of in a dangerous place here because to your point, inflation has become very stubborn

here. The Fed said that they were going to change their monetary policy when inflation got

to 2%. Well, it hasn't gotten there yet, and they've already been cutting rates now twice.

Both the Dow and the S&P 500 closed out their best week of 2024.

Investors are optimistic after a decisive Trump victory last week, along with a quarter point rate cut from the Federal Reserve.

Wall Street is trading on the expectations of a pro-growth environment under a second Trump administration

that plans to slash corporate taxes and deregulate.

Meanwhile, Americans who voted with their pocketbooks are watching closely for the President

elect's first move in office. Fox News voter analysis found nearly two-thirds of Americans have

a negative outlook on the current state of the nation's economy, and two-thirds

of Americans surveyed are very concerned about the cost of food and groceries.

So how will the approaching Trump administration tackle the sticky issue?

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