Market analysts suggest that the tremendous amount of damage that this hurricane has caused is likely going to impact the decision of the Federal Reserve to move ahead with their next planned rate hike.
More smoke and mirrors from the Fed. They talk about raising rates but if anything they may end up lowering them for another round of quantitative easing. The Houston metro area contributes 3% of the country's GDP. I have a hard time believing that the Fed would do anything right now to put a brake on the economy, which is what a rate hike would be.