Quote:
Originally posted by 1967 R50/2
Regarding a Strong Dollar: Keep in mind that the Fed has just raised rates for over 2 years straight. That IS a VERY strong currency policy.
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What's scary is the fact the dollar has actually lost ground against its counterparts. DXY dollar index.
Otherwise, I agree with your comments in full.
I do believe a pause is a good idea at this point. It will give the system time to equilibrate. 1 more month at 5.25% isn't going to make the world explode.
jyl, you say the futures market is showing a 50% chance of a hike in September, but the quoted text indicates a "hold" in September and October. Where do you stand?