Still waiting to hear the results of the meeting, but with the 3.9% GROWTH last quarter, stocks relatively stable in the last few weeks (up today), oil at $94/barrel, the dollar at the lowest point in years, and unemployment still relatively low how can they justify the need for a cut now? If anything, doesn’t this qualify as a reason to raise rates and pull the dollar out of the toilet?
Does the FED care more about the value of the dollar or the investors on wall street?
