Monday, August 10, 2015

Dennis Gartman on Fed and US Dollar

The Fed is very concerned about the strengthening of the U.S. dollar. I don't think they're going to be able to stop the strengthening of the U.S. dollar. 

When they begin the process of taking the overnight Fed funds rate up is really to me inconsequential. It's going to go up soon. Then the real question becomes, how quickly thereafter do they move it by another 50 basis points?