Analyst: Trump's Attempt to Dismiss Powell Could Trigger a Surge in "Stagflation Trades"
Evercore ISI analysts have pointed out that if the Trump administration attempts to dismiss Federal Reserve Chair Powell, it will lead to a surge in "stagflation trades," although they consider such a move "less likely." The institution noted that volatility in the bond and foreign exchange markets has shown a decline in market confidence in Trump's economic policies, but there are still no signs that the market has lost confidence in the Fed—the expected inflation indicators remain low.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 1,335 ETH transferred out from Cumberland DRW, worth approximately $3.93 million
Data: If BTC falls below $83,062, the cumulative long liquidation intensity on major CEXs will reach $1.819 billions
The Federal Reserve accepted $1.554 billion in fixed-rate reverse repurchase operations.
U.S. stocks continue to decline, with the S&P 500 Index down 0.7%
