DiabloWags said:
TRUMP IS NOT GOING TO BE A HAPPY MAN TODAY.
A 25 point hike would actually be beneficial for Trump long term even though he may say the opposite politically, as long as Warsh says the Fed does not expect a long series of hikes and will wait for more data.
- Oil continues falling from its recent highs, reducing gasoline, transportation and goods-price pressure. Brent was already down more than 3% today.
- Inflation expectations ease enough that the 10-year Treasury yield falls further below 5%, even though the Fed just raised its overnight rate.
- Mortgage rates and other longer term borrowing costs consequently stabilize or decline.
- Economic growth remains solid, the latest August retail-sales data were quite strong, without inflation accelerating further.

