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Here Comes The Fed

johnNjohnN
in The Bullpen
https://seekingalpha.com/article/4278408-comes-fed

Here Comes The Fed
Jul. 28, 2019 1:32 AM ETBIL, BNDX, BWX...12
Summary

We believe that the Fed should be bold at this meeting this week and cut rates by 50 basis points to jolt the foreign currency markets.
While our economy is doing fine as evidenced by the better than expected Q2 GNP report, dollar strength has siphoned money from abroad flattening/inverting our yield curve.
It's also penalized growth in those key markets and pushed up the cost up of dollar-denominated commodities overseas.
If the U.S. was an island, the Fed really should not cut rates at all even with continued low inflation as our economy is bound to pick up momentum in Q3 bolstered by continuing strong consumer demand.
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