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Market Extra: The market is beginning to price in the death of Trump’s tax reform

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President Donald Trump’s tax reform may have suffered a premature death.

Rest in peace tax reform, we hardly knew ya.

The much awaited tax overhaul promised by President Donald Trump may be dead before it even got anywhere.

Shyam Rajan, a strategist at Bank of America Merrill Lynch, on Wednesday suggested that the interest rate market is increasingly pricing in the possibility that tax reform will never come to fruition, contrasting with the general belief that Trump is facing a temporary setback in the wake of the failure to repeal and replace Obamacare.

Read: Historical lessons don’t bode well for tax reform

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