Courtesy of Mish.
Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other.
the above image from the New York Times article A History of Fed Leaders and Interest Rates.
Here’s an alternative view courtesy of @HedgeEye.
Let’s take the fist chart and see what correlations exist between rate hikes and the US dollar index.
Rate Hike Cycle vs. the US Dollar
Conventional wisdom suggests rate hikes will support the US dollar.
