Well now, a weakening dollar and soaring gas prices and food prices. My choices: Rates low enough to afford a house or food on the table. Do we even have to ask what the answer should be? Let’s strengthen the dollar already. It’s past time to raise the rate!
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In a year, rate will be 1% or lower, but as more banks are on life support, the fed looks to avoid throwing good money after bad at a problem that wont be resolved overnight. Keep a little in the tank for a show of force in the face of the next major debacle. Wake me when we get to zero and the new president is asking for billions in borrowing to fund new wars.