Fed rate-hike odds near 100% in anticipation of 'Trumpenomics'
Traders await Fed chair Yellen's testimony to the US Congress on Thursday
Thu, Nov 17, 2016 - 5:50 AM
Mr Trump's spending plans are driving speculation that the Federal Reserve will pick up its pace of rate increases as inflation expectations climb.
ANALYSTS spent early November warning a Trump victory in the US presidential election would make the Federal Reserve less likely to raise interest rates. What happened instead is that it made a December increase a near certainty.