Fed Chairman Powell has delivered a ticking time bomb to Trump.

​Wall Street commented that the Fed cut rates by 50 basis points too soon before the election and that the Fed is prepared for inflation to continue to rise, even though inflation is still high.

​The latest October inflation data released this morning confirmed this trend, with PPI reaching 2.4%, higher than the expected 2.3%

Meanwhile, the core PPI rose to 3.1%, higher than the expected 3.0%

The bond market is now in full revolt, with the 10-year Treasury yield rising nearly 70 basis points since the Fed began cutting overnight rates in September

Rising borrowing costs will be a major headwind to Trump's growth-promoting, potentially inflation-promoting fiscal policies

For investors paying nearly an all-time high of 28 times earnings on today's stock market, this will soon become a major problem$AMP