Could Trump Impact Where Fed Rates Head Next?
The dollar rose to its strongest level in 11 weeks and U.S. bonds declined as investors boosted wagers that the Federal Reserve will raise interest rates this year. The greenback jumped against all of its 16 major counterparts as Fed Bank of Chicago President Charles Evans said policy “may well be changing soon,” even as he argued for keeping interest rates low until core inflation moves higher. Treasury two-year note yields jumped to the highest in more than four months. DS Economics Founder & CEO Diane Swonk discusses with Francine Lacqua on "Bloomberg Surveillance."