And throws a bucket of water on QE3 hopes in doing so, the market is not going to like what this voting member said too much.
BIDU continues to get slaughtered intraday, down -1.8% in the last 45 minutes.
FXP intraday stabilized about the same time,
Also on the strengthening dollar, USO's (which I'm looking for a pullback in-th last 3 days it's been moving in that direction) intraday bounce has reversed course an it's back in the negative.
GLD did momentarily break support and is doing the typical volatility dance right in the area.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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