July 20, 2018

President Donald Trump's criticism of monetary policy won't have much impact on how the Federal Reserve goes about its business, judging by initial market reaction.

While making for more eye-popping headlines out of the Oval Office, the president's complaints that rising interest rates are hampering economic progress did not move the fed funds futures market, where traders make bets about the Fed's future moves.

Market participants still expect the Fed to hike twice more this year, with the probability for increases in September and December changing little after comments from Trump in a CNBC interview and on his Twitter feed.

Read more:

https://www.cnbc.com/2018/07/20/traders-expect-that-the-fed-probably-will-ignore-trumps-rate-complain.html