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A pause may be warranted but, given Mr. Trump’s tirade about his dissatisfaction over Fed governor Jay Powell raising rates, the president has made it so that a pause makes the Fed appear political when it’s not.
This is not going to go well, and the ripple will affect global economies, including the U.S. firms that are growing more skittish about our own economy.
As the Saudis attempt to normalize oil prices, the market is all but guaranteed to overshoot to the upside as it typically does when prices mean revert.
You can see the yin and yang between the dangers of an international trade dispute and a U.S. economy so strong the Fed has its sights set to slow it down.