Donald Trump isn't president yet. But he's already having an influence on the Federal Reserve, and it's not a reassuring one.
At their December meeting, Trump's presidential win led members of the Fed to predict that interest rates would rise higher and more quickly than expected, in 2017 and beyond. That prediction cooled the stock market and put the brakes on the "Trump Bump," the rise in the stock market since the election, which has essentially stalled since mid-December.
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