Remember back on Valentine's Day when oil was around $65 a barrel, diesel was averaging around $3.75 a gallon and Trump and the markets were eagerly looking forward to the possibility of not one, not two, but THREE interest rate cuts for the coming year? Gee, I wonder what happened since that time and what specific people benefited?
Trump can't lower the price of oil by executive order and the Fed cannot lower the price of oil by printing more money. So it is raising 25bp in a rather obvious attempt to stop skyrocketing oil prices from seeping into everything else in the economic zone.
Oh yeah, and diesel set another record today! $6.31!
On November 26th, make sure you give thanks to Israel for that $5 HUNGRY MAN roast and carved white meat turkey dinner (with GMO cranberry compote) you might be forced to eat on their behalf.
"Donner drives a Prius, say no more"
And Vistor_ dives on Penis. Say no more!!! (nudge-nudge, wink-wink).