The Markets Are Ignoring Everything Trump Said To Focus Just On One Partial Quote
By Bas van Geffen, Senior Macro Strategist at Rabobank
Davos got hard Trump treatment yesterday. He demanded that Saudi Arabia and OPEC
But Trump may have another motive to encourage OPEC to lower the cost of oil: “When oil prices come down, everything is going to be cheaper for the American people.” Shortly after his demand for lower oil prices, Trump turned to the Fed, demanding that rate cuts should follow immediately after oil. And interest rates should come down “a lot.” The dollar will probably not like that: even though Trump demanded that other central banks follow suit, he has less traction over them.
The US president is certainly trying, though. Yesterday, Trump signed an Tyler Durden Fri, 01/24/2025 – 12:40
Source: https://freedombunker.com/2025/01/24/the-markets-are-ignoring-everything-trump-said-to-focus-just-on-one-partial-quote/
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