JP Morgan creates ‘Volfefe Index’ to track impact of Trump’s tweets

//JP Morgan creates ‘Volfefe Index’ to track impact of Trump’s tweets

JP Morgan creates ‘Volfefe Index’ to track impact of Trump’s tweets

Analysts at JP Morgan Chase & Co. have created a new index to track the impact President Donald Trump's tweets have on interest rates. That analysts call the new index the "Volfefe Index," named after President Trump's strange tweet that befuddled many in May 2017, which read, "Despite the constant negative press covfefe". Bloomberg reported that analysts found that Trump's tweets are having an impact on Treasury yields, especially when he uses words like "billion," "China," "democrats," "products,"…

Article by [author-name] (c) Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com - Read full story here.

By | 2019-09-09T14:14:30+00:00 September 9th, 2019|Economics|

About the Author: