Despite the uncertain election, interest rates remain at rock-bottom.
Despite uncertainty over the election, interest rates are near rock bottom.
At the time of the election, interest rates stood at 22percentt and unemployment had climbed to 6percentt in a country that had in the past enjoyed almost full employment.
Following the election, interest rates spiked and buyers began to take a wait-and-see approach before acquiring assets — treading lightly when negotiating deals, though always with cautious optimism about the state of the economy and the market's response to Trump's business-friendly agenda.
Market analysts point to a number of contributing factors, including an early 2016 market correction (i.e., increased equity market volatility) stemming from historically high market valuations and uncertainty associated with the US elections, interest rates and global macroeconomic issues.
Perhaps this represented the calm before the storm as the fourth quarter is setting up as a quite eventful and uncertain period with U.S. elections, interest rates, oil prices and corporate earnings all drawing investor attention.
The post-election interest-rate move has been swift and significant, on a scale and span that mirrors the 'Taper Tantrum' of 2013.
The week before the election, the interest rate on a standard 30-year mortgage averaged 3.54%.
Mr Osborne said it was "patently ludicrous" that the UK's debt problems could be solved "overnight" and he said the deficit was down by a quarter since the election and interest rates on borrowing for both the government and consumers remained low.
Major headlines included a bear market in global stocks, Great Britain leaving the European Union, Donald Trump winning a poorly predicted US Presidential election and the second interest rate hike in a decade.
