RE:RE:RE:RE:RE:The Trump Dump...Northernwood1 I know my post was directed at the pungantaroma dude.... Of course the moron is too stupid to understand that when the Fed raises interest rates the stock market takes a dump.
Now the Fed only raised the rate ! time during the Obama administration. "On December 16, 2015 the Fed increased its key interest rate, the Federal Funds Rate, for the first time since June 2006. The hike was from the range [0%, 0.25%] to the range [0.25%, 0.5%].
NOW CONTRAST this to TRUMP
"Fed raises key rate to range of 2% to 2.25%, keeps forecast for 4 hikes in 2018. As the economy improves, the Federal Reserve on Wednesday is set to raise its benchmark interest rate for the third time this year and eighth time since late 2015. Those hikes have begun raising consumer borrowing costs.Sep 26, 2018
So the FED raises the rate 1.75% under Trump, OF course the market is gonna be effected....