schiffgold.com / BY SCHIFFGOLD / NOVEMBER 18, 2016
As markets settle down following the week after the election, inflation continues to rise. Many continue to expect a December rate hike despite the potential volatility caused from state officials calling for Fed reform as early as Q1 2017.
New Trump Era Could Help Fed with More Inflation
Even as investors look for positive changes to come with a Trump presidency, there’s still a large amount of confusion and uncertainty surrounding the next administration’s monetary plans. Jack Caffrey of JPMorgan Private Bank told CNBC he saw a lot of promise in the President-Elect’s plans in terms of short-term productivity, but was less optimistic about how Trump would sustain productivity over the long-term.
In a separate interview, strategist Bob Doll expressed similar concerns: “Did we elect Donald Trump the tax-cutter and the pro-growth president or did we elect Donald Trump the protectionist with some tariffs, which is a tax increase?” Doll expects the former is more likely.
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