I want to spend my limited time on today's podcast talking about the Federal Reserve's
decision today and the press conference. I did get back on the boat in time to watch the press conference live, and I do want to limit today's podcast to that discussion. Before the Fed announced its decision on interest rates - nobody expected a rate hike, and we did not get a rate hike, but before the Fed announced today's decision, the markets were on the defensive.
Earlier in the day, Donald Trump had mentioned that he now thinks that the tariffs on Chinese imports, or on Americans who want to buy Chinese imports, may remain in effect for a much longer period of time; indicating that maybe this great trade deal is not as close as the President was letting on in the past.
- Source, Peter Schiff
