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Donald Trump famously helped measure the success of his time in office using the stock market.
But in the first year of his second term, Trump may have little control over what's expected to be the key market driver of the next year: interest rates.
Since Trump was elected on Nov. 5, the 10-year Treasury yield (^TNX) has risen about 40 basis points as markets have priced in fewer interest rate cuts from the Federal Reserve amid fears inflation won't fall quickly to the central bank's 2% target...
>>> Read more: Donald Trump loves to use the stock market as a scoreboard. Interest rates will be the judge of that.
But in the first year of his second term, Trump may have little control over what's expected to be the key market driver of the next year: interest rates.
Since Trump was elected on Nov. 5, the 10-year Treasury yield (^TNX) has risen about 40 basis points as markets have priced in fewer interest rate cuts from the Federal Reserve amid fears inflation won't fall quickly to the central bank's 2% target...
>>> Read more: Donald Trump loves to use the stock market as a scoreboard. Interest rates will be the judge of that.
