Mortgage interest rates have stabilized, but any other financial stability at the moment is an illusion. Each new cabinet appointee and tweet flurry brings more understanding of policy ahead.
- President-elect Trump clearly intends business-friendly policies, but some pro-business policies in theory don’t turn out that way in practice.
- The Fed's rate-hike next week is a cinch; depending on the effects, it could give ammunition to those who say it should be confined to a mathematical formula.
- In the outside world, Trump’s elevation has changed nothing economic, which leaves the Fed raising rates while the rest of the world is still easing.
The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills