Trump wins US election and caught pollsters and forecasters on the wrong foot
- With 92% of the votes counted at the time of writing, Donald Trump has already secured 279 electoral votes, above the 270 threshold to win.
- Republicans also kept control of the House of Representatives and the Senate. A unified government has been very rare over the recent decades.
- Trump’s initial statements reassured markets, calling for unity and pledging that he will be the “president of all Americans
Trump victory: a non-event for markets?
The Fed should maintain its data-dependent normalization course with a rate hike likely mid-December 2016. Fed fund futures signal the market has not changed its mind on the Fed staying dovish in 2017. Janet Yellen’s four-year mandate as chair of the Board of Governors will last until 2018.