The Fed’s next move

It’s widely expected that today will bring another interest rate cut by the Fed – probably 25 basis points.  It’s also anticipated that the Fed will imply that this may be the last hike for the time being, as concern about inflation is beginning to come front and center of economic concerns.  I do hope that the Fed will also signal concern about the precarious state of the dollar and how that’s linked to the unreasonable surge in oil prices.  I think the market will appreciate any statements that indicate a program of dollar defense is about to begin.  Let’s see what happens, but I’m hopeful.

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