Trump To Fed: “Bow Down To Caesar” Or Risk “Horrifying Misstep”

Trump To Fed: “Bow Down To Caesar” Or Risk “Horrifying Misstep”

Ok, so we all know the Fed is more "S&P dependent" than they are "data dependent," right? Don't forget this from Wells Fargo: The Fed rarely tightens unless the market is pricing at least a 60% of a rate hike one month before the FOMC meeting. Figure 7 underscores this point. The Fed has implemented 25 bps hikes on 27 occasions since 1991. Twenty days before the hike, the implied probability was below the key 60% level in only three of the 27 cases. The Fed tightening in December 2016 fit t
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