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Bloomberg: “Traders are pricing in about 80 basis points of cuts in March, and 100 basis points by July, which would drag borrowing costs down to zero.”
“Believe me: We’re in a bubble right now. And the only thing that looks good is the stock market — but if you raise interest rates even a little bit, that’s going to come crashing down. We are in a big, fat, ugly bubble. And we better be awfully careful.”
— President Trump, quoted by the Washington Post, during the first presidential debate in September 2016.
211,000
Number of jobs the American economy created in November, the government reported Friday, “a robust showing that all but guarantees policy makers at the Federal Reserve will raise interest rates for the first time in nearly a decade when they meet this month,” the New York Times reports. “The unemployment rate held steady at 5 percent, unchanged from October.”
