Category: Donald Trump

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Will the new administration apply Project 2025 reforms to the Federal Reserve?

Today is Fed Day, when the Federal Open Market Committee wraps up its two-day meeting on the state of the U.S. economy and issues its decision on the appropriate rates for regulating the interbank market. 12 USC 225(a) requires that: “The Board of Governors of the Federal Reserve System and the Federal Open Market Committee … Continue reading Will the new administration apply Project 2025 reforms to the Federal Reserve?

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Today should mark America’s march toward a winning currency policy.

Around 2:00 am this morning, it was projected that Donald J. Trump had secured enough potential Electoral College votes to be America’s 47th head of state. The official certification as president-elect will not occur until the middle of next month in the Electoral College with certification by the President of the Senate of the Electoral … Continue reading Today should mark America’s march toward a winning currency policy.

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The fix is in. Yields inching higher. The polls tightening. Tomorrow night will be pizza and popcorn night.

The 4:15 pm fix is in. According to the Federal Reserve’s data, two-year and ten-year yields have been inching up over the last week. Throw in a little dollar weakening compared to the euro. Given we are closer to the beginning of Election Day (14.5 hours at the time of this writing), could some political … Continue reading The fix is in. Yields inching higher. The polls tightening. Tomorrow night will be pizza and popcorn night.

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How should traders position themselves in a split political environment?

NPR’s Ashley Lopez today published a piece discussing the possibility of neither Donald Trump or Kamala Harris receiving the required 270 votes from the Electoral College to be declared President-Elect. Ms. Lopez describes the process where if neither candidate receives the minimum 270 votes, then it would be up to at least 26 congressional delegations … Continue reading How should traders position themselves in a split political environment?

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Three U.S. senators recommend a 75-basis point cut in the fed funds rate.

Between 9:02 am and 11:26 am, the CME FedWatch tool reflected an increase in the chances that the Federal Open Market Committee would increase the federal funds target range by 50-basis points. Traders expect a 61% chance of a 50-point increase. Chances of a 25-point increase has slipped to 39% at the time of this … Continue reading Three U.S. senators recommend a 75-basis point cut in the fed funds rate.

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What was missing from last night’s debate? An idea as to who will lead a Trump or Harris economy.

What I did not hear last night: who will be your pick for chairman of the Council of Economic Advisors? Who will be the director of the National Economic Council? Who would you select as chairman of the Board of Governors-Federal Reserve System? Who will you choose as Treasury secretary? (People are looking for ways … Continue reading What was missing from last night’s debate? An idea as to who will lead a Trump or Harris economy.

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Other than munching on some popcorn, tonight’s debate shouldn’t bring much benefit to traders.

Tonight’s debate between Vice President Kamala Harris and former president Donald Trump will likely leave traders with more questions than answers about how each candidate will use Executive power under the Constitution to drive expansion in the economy. The top concern of most Americans is how each candidate proposes to put a car in every … Continue reading Other than munching on some popcorn, tonight’s debate shouldn’t bring much benefit to traders.