Dow Would Go ‘Up Like a Rocket’ with Trump’s Desired Interest Rate Cut

By CCN: If you think the Dow Jones Industrial Average has had a good run, you haven’t seen anything yet. President Trump wants to see interest rates slashed by 1%, which has the potential to unleash further gains in an already historic bull market for stocks. On a day when progress surrounding U.S. and China trade talks has shown the most promise yet, he’s looking to the rival economy as a model. He compared the Fed’s recent history of “incessantly” raising rates despite “very low” inflation with China’s “great stimulus” coupled with their low interest rates. When do you ever

The post Dow Would Go ‘Up Like a Rocket’ with Trump’s Desired Interest Rate Cut appeared first on CCN

source https://www.ccn.com/dow-would-go-up-like-a-rocket-with-trumps-desired-interest-rate-cut

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