With global financial markets responding to the Presidential election, and investors anxiously speculating about the economic climate in 2017, Bryant Finance Professors Peter Nigro (left) and David Louton have been in high demand for their financial markets expertise. Here is a round-up of the news stories where they’ve provided comments and perspective.
International Business Times: Fed moves affect homeowners, young people
“It’s going to be more expensive to buy a house, and it’s going to be more expensive for people thinking of moving up,” said Professor Nigro in the Dec. 13 International Business Times article, “How Does the Fed Interest Rate Affect Other Things? Homeowners, Young People, Exporters Could Be Hurt By Wednesday Hike.” “Banks are always quick to raise rates on debt,” he added.
Washington Examiner: Impact of President-elect’s policies on interest rates
The Washington Examiner included comments from Professor Nigro and several Federal Reserve officials in the Dec. 13 article, “How the Fed will react to Trump’s victory.” Nigro noted that “there are so many unknowns” about what the President-elect will say and do, and he believes that Trump’s proposed policies will be a big topic for the Fed meeting this week.
TheStreet.com: Interest rates and home buying outlook
“I think the Fed really wants to be proactive in popping any potential bubbles going forward,” said Professor Nigro in the Dec. 12 article on TheStreet.com focused on trading ahead of the Dec. 13-14 Fed meeting. He added “that if market conditions persists he expects the Fed to raise interest rates two or three time during 2017.”