Either the Fed lets interest rates settle much higher ... Over the past two years, inflation has averaged 3.1% while stock prices have increased at a more than 20% annualized pace.
This suggests that the Fed is more independent in setting interest rates than the claim made by cynics who insist that the U.S. central bank plays politics in the months leading up to Election Day.
President-elect Donald Trump’s win, coupled with a quarter-point interest rate cut from the Federal Reserve, pushed major stock indexes into record territory.
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