Donald Trump yesterday reiterated that he did not agree with the path that the Fed are taking on interest rates. Supposedly, the Fed should be an independent body and so let’s see if his comments has any influence.
The market waited for comments by the Fed’s Bostic which on first account was hawkish by hinting that the Fed was working to get policy back to neutral and that perhaps the economy did not need any more stimulus. He then reverted to dovish comments by suggesting the economy only needed one more hike this year.
The bigger market moving comments came from Donald Trump yesterday as he again tried to put pressure on the Fed to not tighten any further. He also accused of both China and Europe of manipulating their currencies.
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