You are here

Trump win casts doubt over Fed's rate-hike plans

Analysts wonder whether Yellen would quit earlier after Trump indicated he might replace the Fed chief after her term ends in January 2018

Financial markets across the globe swooned after Mr Trump won the US presidential election, with the dollar and stocks sinking and safe-haven sovereign bonds and gold shooting higher, reflecting fears of a prolonged global uncertainty over the Republican's policies.


DONALD Trump's victory in the US presidential race throws into question the core assumption in global financial markets that the Federal Reserve will raise interest rates soon and follow with further gradual hikes over coming years.

Financial markets swooned after Mr...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to