No rate hike this year, dollar sinks, with markets, because they should raise rates, but economy just is too weak, deflation fears now world wide, US and word wide. Oil has to bounce, or half of the US oil sector and some smaller nations oil based will go bankrupt, or be bought - wait can you M&A a small country with a bigger one, oh yeh, that's called what again? so another reason for FED to wait, lesser of two evils. Dollar down, OIL up, EURUSD up, up, especially gold since it will have two winds behind it, fear factor (currency related), and commodity. Just when you think the FED can do nothing, they can do nothing and do something by it. Consumer is NET better off with high oil . Sorry Saudis, oil war is oil war, and FED is fighting back. And wont like it if they actually have to do another round of QE to stop a recession. Or will they?