Why did the Jerome Powell Federal Reserve decide not to hike interest rates again on Wednesday? Jason Burack talks about why he thinks the Fed decided to not hike rates this week and may wait until June.
Jason thinks it's because the Fed is watching the US Dollar Index break out from a textbook bullish inverse head and shoulders chart pattern the last few months and the Fed is worried that raising rates again too soon may strengthen the US Dollar Index too quickly.
Jason also talks about how evidence is appearing that inflation is picking up in different areas of the economy even though the Fed claims to not be worried about it.
- Source, Wall St for Main St
