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US President Trump, who ran the country with Twitter, had previously criticized the fact that the Fed was continuing to raise interest rates, which made it unhappy, saying the rising rates of interest in the economy were still going strong. interest made the US dollar too strong. It remains to be seen whether the post invasion is on the rise or whether it is meant to curb the Fed. However, if the rise in the US interest rate will be satisfied, it is worth discussing.
In theory, the decision-making of the Fed is independent of the US President and Congress, and the interest rate policy should be formulated only according to the economic environment. According to this essay, the president's speech should not affect the Fed's decision to raise interest rates. The other extreme is the conspiracy theory: the Fed and the US government are controlled by financial giants. The criticism of the current Fed Chairman may reflect the fact that some financial forces are indeed dissatisfied with the pace of interest rate increases.
The truth can be between the two – regardless of the American president, it is inevitable that he will be more inclined to some industry interests. The federal funds rate continues to rise, which will definitely benefit some people, but not others. Objectively, raising interest rates is good for the US dollar, and this will have a negative impact on US exports.
or affecting the trend of next year
Regardless of the motivation of the detachment, no one should now suspect that Trump is a non-traditional president, although the rate policy The Fed's institutional interest is not required to be controlled by the president. But the influence of the invasion of the use of social media, coupled with the blessings of conservative media, can amplify the voice of American society against the rise in interest rates. After all, the rise in interest rates has nothing to do with the right to arms, comrades and other problems, and under normal circumstances, regardless of the economic context, the United States should have few civilians to support rate hikes. Criticizing Fed rate hikes too quickly may be more helpful to Trump's public opinion than any other issue.
It is estimated that the Fed is more likely to maintain the pace of interest rate increases in September and December of this year in order to show its independence. However, once the trade war triggered by the invasion caused a partial recession / growth in the United States, it is highly likely that the president will resume the Fed on Twitter. The rise in Fed rates in the coming year may be more difficult than this year.
However, it should be noted that even if the interest rate continues to rise, it will not be beneficial for the local real estate market.If the big environment is a trade war, Hong economic growth Kong will be less optimistic for the coming year. Hope to reduce the impact of external factors on the local real estate market.
Ye Jingcheng
Executive Director of Planning Co., Ltd.
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