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The election is not going to change that much either way," Roberts said. The market's moves through the year, though, could be important as they have often foretold outcomes in presidential races. Biden endorses taxing the rich whereas Trump pushed through corporate tax breaks while in office. Biden endorses taxing the rich whereas Trump pushed through corporate tax breaks while in office. The trend makes the market's moves in the months ahead potentially consequential for determining the election victor.
Persons: Joe Biden, Donald Trump, Biden, Doug Roberts, Roberts, there's, Trump, we'll, Joe Salmond, There's, Jerome Powell, Salmond, Jerome Powell's Organizations: Federal Reserve, House, Trump, Democratic, Channel Capital Research, Biden, Fed, Thornburg Investment Management, Global, Chase, White, AFP, Getty Locations: U.S, Washington, East, Russia, Wilmington , Delaware, Washington , DC
But I do still love Trump.”The winner of South Carolina's Republican primary has won the nomination all but one time since 1980. Haley, as a state legislator in 2010, trounced older, more established candidates in a Republican primary on her way to winning two gubernatorial elections. On paper, South Carolina offers the broad Republican coalition Haley has sought. South Carolina has a large presence of every Republican faction: evangelicals and social conservatives; anti-tax Tea Party activists; national security hawks; business-minded traditionalists. South Carolina voters do not register by party and choose which major party primary to participate in each election cycle.
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This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Fed officials say they rely on data to determine the trajectory of interest rates. As Doug Roberts, founder and chief investment strategist at Channel Capital Research, said, Fed officials have "to do something, otherwise they lose credibility." Subscribe here to get this report sent directly to your inbox each morning before markets open.
CNBC Daily Open: UBS agrees to buy Credit Suisse
  + stars: | 2023-03-20 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Fed officials say they rely on data to determine the trajectory of interest rates. As Doug Roberts, founder and chief investment strategist at Channel Capital Research, said, Fed officials have "to do something, otherwise they lose credibility." Subscribe here to get this report sent directly to your inbox each morning before markets open.
U.S. Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a news conference at the Federal Reserve Building in Washington, February 1, 2023. Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. That likely will take the form of a 0.25 percentage point, or 25 basis point, increase, accompanied by assurances that there's no preset path ahead. Markets largely agree that the Fed is going to hike. As of Friday afternoon, there was about a 75% chance of a quarter-point increase, according to CME Group data using fed funds futures contracts as a guide.
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