It certainly takes the edge off the possibility of them doing something soon. There is no reason to raise U.S. interest rates without an inflation problem and risk some of the customers for some of the overseas economies. They need us to buy their goods.
More Quotes from Rosanne Cahn:
It's still fairly high by historical standards. There's starting to be some influence of higher interest rates and the more volatile stock market, but not much influence yet.Rosanne Cahn
I don't think they'll have much of an influence. If anything the numbers show housing isn't yet reacting to higher interest rates.
Rosanne Cahn
But what is even more astonishing is that corporations can live in an environment with little pricing power and still earn very handsome profits.
Rosanne Cahn
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