Fed remains cautious over Trump Bump

Washington

INVESTORS are a non-ideological and pragmatic bunch, as is the new resident of 1600 Pennsylvania Avenue, Washington DC. Which explains, in part, why reporters covering Wall Street and the White House are facing the challenge of trying to figure out President Donald Trump's economic policies and the political leanings of the financial sector, which are the two sides of the same story.

During the 2016 presidential campaign, pundits were speculating that Wall Street was rallying behind the Democratic presidential candidate, Hillary Clinton.

After all, she is not only married to the former US president, who was business-friendly and a free trader, and who unleashed the financial deregulation of the 1990s and the ensuing stock market rally. Mrs Clinton also represented the state of New York, including the interests of New York City's financial industry, in the Senate, and was…