Federal Reserve officials have mercifully signaled a pause in upcoming interest rate hikes, though local expats down here in Baja are far more concerned with whether the morning offshores will hold. As global markets hyperventilate over monetary policy, Todos Santos retirees are completely insulated by a thick, blissful blanket of Pacific swell and lukewarm Pacifico. Nobody at the beach bar can define quantitative tightening, but everyone agrees the right at Cerritos is firing.