Three scenarios in front of the Fed and horses to ride…

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Quotable

“There is no danger of the public ever finding any key to the secrets of winning.  The crazy gambling urge and speculative hysteria makes that a certainty.  But if the public play ever did get wise to the facts of life, the principle of ever-changing cycles would move the form away from the public immediately.”

--Robert Bacon, Secrets of Professional Turf Betting

 Commentary & Analysis

Three scenarios in front of the Fed and horses to ride…

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As I sit in my office here in southeast Florida, I wait impatiently for the arrival of two pending storms—hurricane Maria (hoping the forecasts are correct this time) and Janet (aka the Federal Open Market Committee interest rate decision tomorrow).  Below are our three best guesses of what the Fed will do (couched as plausible scenarios) and associated currency trade ideas.  READ MORE...  

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