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RE: Weak Retail Sales and CPI Data Drive Precious Metals Higher Ahead of Fed Decision.
Thank you for the update, but I am not optimistic that Janet Yellen will raise rate but we shall see.
Thank you for the update, but I am not optimistic that Janet Yellen will raise rate but we shall see.
The only reason I think the FOMC will decide to raise rates is that they have telegraphed to the market that it's pretty much a done deal and they would lose face so to speak if they didn't. The other reason I think they will raise is that they know a recession is coming and a hike to 1% - 1.25% will give them more room to cut.
I have noticed that the market rates will telegraph what direction they think rates are going and lately the Fed just goes along with the market. The tail wagging the dog possibly.