Larry of America Kudlow doesn’t think the Fed will hike in June or July. Moreover, he believes we’re in a ‘business recession’, in desperate need of fiscal stimulus. He doesn’t understand how the Fed could even conceive a June rate hike and challenges them to show evidence of an American economy that’s busting out from the seams with growth and inflation that is so pervasive and ruinous, it will cause the Fed to hike rates at a time when conditions are less than ideal.
I was being kind.
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The Fed doesn’t have to show their hand. The game is called poker.