Natixis - Did the Federal Reserve yield to Trump?

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Natixis

Patrick Artus

Did the Federal Reserve yield to Trump?

In early 2019, the Federal Reserve rapidly shifted from wanting to continue to normalise its interest rates to no longer raising or even lowering them. Investors are wondering whether this change of behaviour result ed from: Pressure from Donald Trump on the Federal Reserve; A change in the Federal Reserveâ€™s assessment of the situation of the US economy, in particular due to the decline in inflation despite the return to full employment. Econometric analysis suggests that it is the fall in inflation and not political pressure that explains the Federal Reserveâ€™s change of stance.

06/06/2019 4 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Patrick Artus

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Did the Federal Reserve yield to Trump?

Section 899: A tool to increase revenue or to change foreign tax policy?

ECB Takes Summer Pause to Preserve Monetary Policy Flexibility

La BCE en pause estivale afin de garder « l’optionalité » de sa politique

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