The target range for the FED funds rate is now 0.75% to 1.00%.
This increase in rates occurs once again despite Austrian-lites thinking that the December 2015 rate hike wouldn't hold.
We now have three rate hikes in the series with more likely to come.
There is no indication that the rate hikes will be reversed or as Austrian-lites claimed the Fed taking rates into negative territory.
-RW
I follow Armstrong and his model says as the EU disintegrates and Euro collapses, capital will flood to the US causing prices to rise in everything. The DOW should surge to 32K and beyond. The USDX is set to challenge it's 1985 high of 164.72. The Fed will be raising rates all along trying to halt this inflow but will fail and be blamed for producing asset bubbles. The world will abandon the USDX as reserve because it will be too expensive. By 2019 we could see an entirely new monetary system.
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