Anthony Chan Towards Quotations

The small improvement in labor market conditions, despite the continued risks that remain on this front, do suggest that even with all the caveats that Greenspan echoed in his latest testimony ... the Fed might be inclined to move towards a neutral risk bias.

Recent trends in this index strongly suggest that the largely anticipated path towards economic recovery has in all likelihood already begun,

It now looks as though the economy is continuing to gravitate towards a more gradual pace of economic growth.

By telling us that the risks are more heavily weighed towards weakness while simultaneously stating that they expect an economic recovery within the next several calendar quarters, they are revealing that they remain willing to act if they need to while also reassuring financial markets that there is no need for panic over the near term.

These numbers tell us that the underlying productivity surge observed in recent years remains alive and well. If productivity could rise by 1.1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.

This week's CPI will seal (the Fed's decision). If we get a number at consensus or a little above, that'll tip it towards a June increase.

This week's CPI will seal (the Fed's decision), ... If we get a number at consensus or a little above, that'll tip it towards a June increase.