Bruce Allen

Will the Fed Actually Raise Rates Next Week?

Bob, I share your concerns--seekingalpha.com/artic.... I believe that oil drives most of this. Oil prices, and thus commodity prices in general, have been falling of late, in part, because the Chinese have turned off the Beijing engine for a month, and they probably don't have a lot of storage capacity. Another part of this is the weak dollar. Even if oil gets into the $70s again, it will be for a short time only. US gas consumption will go right back where it was once gas hits $3.50 a gallon.