Home Business News Trump’s Fed-bashing pushes US stock into the red

Trump’s Fed-bashing pushes US stock into the red

by Purvai Dua
17th Dec 18 4:27 pm

The Dow Jones Index and the Nasdaq were both 1.2 per cent lower while the S&P 500 has fallen 0.6 per cent after President Donald Trump again criticized the Federal Reserve for its current series of interest-rate increases.

This comes just days before the US central bank is expected to push up interest rates again.

“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!” Trump wrote in a tweet.

Almost all economists expect the Fed to raise rates again at its meeting this week, while many also see the central bank making increases next year, although at a slower pace in the face of a possible economic recession.

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