Loading ...They rammed it up in the 2nd half of 2014 from 80 to 100. Its been running 95 plus or minus 5 ever since. If you believe the Fed is the global central bank, as I do, its understandable.
At one time they drove the Dollar down to the 75 area between ’08 and ’13-’14 to help the US. Obviously they thought the USA was “fattened up” enough, so took from us and gave all the other countries the lower currencies.
Another thought. If they assumed the USA would have a slowdown, (and too high stocks and r/e) it makes sense to raise the rates (and dollar) as high as possible so they have some dry powder (more room) to lower them.
Sooner or later the Fed Bozos will drive into a bridge abutment or big tree trunk like the last time. They are obviously still trying to maintain the old status quo. Nothing important has changed yet. Imports are still outnumbering exports.
The USA “fuel tank” is leaking MONEY and the tune ups won’t do any good.