[Moonman62]

The market feared a 1/2 point rise, 1/4 point was priced in. A series of these marginal increases may occur. But the dollar won't strengthen fast enough to hurt our exports before the election. This is very favorable for the President's reelection.

Since when does our economy hinge on exports?

However, the anticipation of raised interest rates have helped the dollar strengthen and oil prices are coming down.

[Tennessean4Bush]

However, the anticipation of raised interest rates have helped the dollar strengthen and oil prices are coming down.

Expect that trend to continue. The Fed will probably gradually increase by about 2 basis points over the next two years, provided, of course, that they are right about inflation signals being modest. If inflation truly begins to kick in they will accelerate that.

[Faraday]

Since when does our economy hinge on exports?

Since when do I have to answer questions not drawn from what I've written? Fact is, export industries have been greatly helped in the last year by the very favorable exchange rate with the euro. This has been one factor in the recovery which will diminish with time as the dollar strengthens.