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Detailed text transcripts for TV channel - FOXNEWS - 20161214:19:02:00

mortgage that may be hitting the important marker, you are going to see a bump. and then if you re getting that new mortgage, you re going to see more of an expensive mortgage. not by much. this is a very tepid rate that we re seeing from the fed. savings accounts, credit cards going to get a little more expensive and also cds and car loans. there is going to be that kind of spin effect. but remember, with the market up more than 11% since donald trump was elected, it s the inflation story. and the fed is talking about that. we re digging into it at fox business to see what the statement has to say. sheryl, we saw the markets sell off, turning negative, right now it s moving back up in the other direction. it was down about 20 points or so. we expected it to tick down a little bit, rate hike is not necessarily good for the market. people think what s fueled the rally in addition to donald trump but what s fueled over the past years has been this idea there s been so much easy money o

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