Trump’s speech to the Davos crowd yesterday helped elucidate his plan for getting interest rates back down: demand that the Saudis lower oil prices and then “demand that interest rates drop immediately.”
It’s hard to imagine that Trump hasn’t already had this conversation with the Saudis in private, as oil has indeed dropped over the past 10 days. Interest rates, however, are higher for the third day in a row – which makes next week’s FOMC meeting all the more important.
Futures seem uncertain as to how all this will proceed.
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |