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W Texas | The Fed basically took a step back from hiking rates and the dollar sunk as a result. The Fed never makes dramatic moves, they will change the plan one step at a time. So when they take a step back from a widely discussed plan, you can bet there is more to come.
My prediction: They will not raise interest rates this year, and they will state something to that effect at their next quarterly meeting. Then they will mention QE4 in six months. The end result will be a dollar trending lower and commodities trending higher. | |
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Overlooked inflection point in the market today
