Lee: Why a Rate Hike Won't Fix Oil-Driven Inflation

Jimmy Lee of The Wealth Consulting Group believes the Fed shouldn't hike rates, despite an 85% chance of a raise next week, arguing that a quarter-point move won't impact oil prices—the primary inflation driver. He predicts a lower rate environment in the next 12 to 18 months that could unlock the housing market and ignite animal spirits in the stock market.

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