That brings up another question: what will the FED do at the next meeting?
I didn’t read the minutes from the last meeting but from what I heard, I infer that inflation was a bigger threat this time around.
I work in imports and can tell you just about anything from China will cost easily 10% more this year than last year. When those numbers catch up with CPI the FED will be helpless.
For now I think their next move will again appease the senseless traders who caused this mess, while further screwing the middle class.
The US may be the world’s biggest exporter, but I doubt there is a greater trade deficit anywhere. A weak dollar may help that, but it doesn’t help the average consumer.
