There'll either be a rate hike followed by a ruinious deflation that the Fed's will have a miserable time fixing, or there won't be a hike followed by more economic stagnation as folks continue to rethink their war on business.
Either way, it will be entertaining, and we'll know a lot more when the next PCE index comes out at the end of the month.
While they are abolishing or overhauling the FIT, do the same for the FED.
What was it you wanted instead of the Fed?
Well, that certainly is not the thing to do.
As for dollar valuation & hence interest rates, I just think it would be less exposed to volatility if the dollar is tied to gold or a commodity basket. Let the USA lead in that fashion instead of fracturing our financial systems with risky and worthless mortgage derivative schemes.