Trump's Fed Pick, Tennessee Election: Market & Politics
Update: 2025-12-01
Description
President Trumps potential Federal Reserve Chairman pick and a close Tennessee special election are making headlines. Markets saw slight dips, but the ten-year Treasury yield rose. Gold and oil prices increased, while Bitcoin dipped. Ed Yardeni predicts the S&P five hundred could hit seven thousand by year-end, fueled by hopes for another interest rate cut. Prediction markets favor Kevin Hassett for the Fed chair, potentially leading to more easing. In Tennessee, a close race could reduce the Republican majority and push affordability issues to the forefront.
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