I don't think anybody expects them to move on rates given their recent rhetoric.
For most people in financial markets, this is typically put in a box labeled 'too difficult'. There's just no sensible way of producing a systematic probability of the outcomes and it's very hard to put numbers or values on it.
His reputation as an arch-dove on inflation is rather misleading.
It certainly looks rather more realistic than it did before the release of these figures.
I think the market is in a dangerous position,
Markets want to hear some kind of hint that they'll back up these words with action, specifically intervention in foreign exchanges to drive the euro higher.
I think most of the staffing implications have already been taken on board. It has been happening gradually over a period of time.
I think he's going to lean towards indicating that the Fed isn't in a hurry to raise rates,
I think he's still concerned to keep the stock market afloat and to hold down bond yields. He's going to be more inclined to talk the markets up rather than down.
As we go into the new year, we have to ask ourselves: 'Can this growth continue, and what is going to happen with Iraq?'
They've really ratcheted up the rhetoric in the last few weeks with Snow and Greenspan weighing in.
Ireland is just too successful, that's the problem. Ireland is seen as too expansionary given the current inflationary environment.
Ireland is just too successful, that's the problem, ... Ireland is seen as too expansionary given the current inflationary environment.
Generally we're looking pretty quiet - one of our traders just told me it's one of the quietest days he's ever seen.
For the last three or four years there has been a gradual reduction of staffing on foreign exchange desks for doing these intra-European trades partly because the volume has declined,