We’ve just finished the first week of President Donald Trump’s four-year term … and it’s been a busy one.
For those of you keeping up, he’s already racking up executive orders and presidential memoranda to get the ball rolling on the agendas he campaigned on and to keep the promises he made to his voters.
The markets have generally cheered his efforts, with the Dow crossing the historic 20,000 level last week — a moment Trump stated he was “very proud of” in his first televised interview last Wednesday night.
He went on to add: “Now we have to go up, up, up.”
Speaking about a market that has been on an eight-year tear, one Trump himself has claimed is extremely overvalued, this seems to be a little bit of gloating on his part.
But if you believe his promises to “make America great again” and grow the U.S. gross domestic product, or GDP, by 4%, the bull market could easily continue.
However, there is one major roadblock that may be in his path to hit those targets, and we will get our first look at it later this week…
It’s the Federal Reserve, our nation’s central bank. Read article