RE:RE:FX Rate...oil and fxUSA is halfway to a recession and the fed has only hiked 25 bps and hasnt even begun shrinking the balance sheet. The question is, how much economic weakness will the fed tolerate before they reverse course and start QE 7 or whatever round is next. Once the fed throws in the towel and surrenders to inflation, the dollar is toast, gold will skyrocket and the next big leg up for oil will start.