In 2018, the US Fed had stated that there would be up to three Interest Rate hikes in 2019. Today the Fed announced that there will not be any Interest rate Hikes in 2019. Yes, they seem to have reversed course.
IMHO I believe this is smoke and mirrors. The Price of Oil has had a price breakout upwards. Expect to pay MORE for fuel. That will spark Inflation again, just as it had last year. When the Rate of Inflation goes up, then the US Fed will raise Interest Rates.
Video is courtesy of the TheoTrade, LLC YouTube channel
Posted by: Vincent Banial
I would call a “40% Stock Market Correction“, a pretty major “Stock Market Crash“.
That could be followed by a Recession, due to rising Interest Rates.
Scott Minerd has warned that the Stock Market is on a “Collision Course with Disaster“.
Video is couretsy of the CNBC YouTube channel.