Sir Robert Reynolds Macintoshwas a New Zealand-born anaesthetist. He was the first professor of anaesthetics outside the United States... (wikipedia)
Based on this statement, it increases the odds of another increase. I would have had it at 25 percent, but now it's 65-70 percent.
Based on this statement, it increases the odds of another increase.
I think this is telling you that they are going to do at least another (rate hike), and then likely a couple more after that.
Japan's big problem was that fiscal stimulus was not there. They haven't coordinated monetary policy with fiscal policy. That's what we're doing differently, and that's why we won't have the same problem.
We need a game plan to deal with Iran.
I would like to see the spots filled as soon as possible.
We're not talking about adding 300,000 jobs, which is what you get when things are really going well; we're still a long way from that. I don't think it's an issue at all from an inflationary standpoint.
We will get well into the second quarter before the job situation really starts to improve, ... That's typical of recoveries; it takes a couple of quarters before the labor market starts to turn around.
I've been hearing worries about it for years, but I guess I'm not worried yet,
Banks, bond investors and equity investors will ratchet down their idea of what's normal and acceptable as far as earnings and cash flows go,
This is what the Fed wants, they want housing to slow -- that is the place where they can most effect wealth creation and spending. The Fed is that much closer to being done. I think they are done after next week.
This is very good news from an inflation standpoint. I think it helps bonds because low inflation is good for bonds. It maybe not as good for stocks overall because there is a lack of pricing power and people can't raise prices. It will make the Fed less likely to raise rates.
It's not pretty. A lot of things just hit people today.
It's hard to fall any more if you're already on the ground,
It's probably a bit early to change the bias to neutral. I suspect they'll say there's still more risk of another downturn than there is for too much of an upturn. Maybe the next meeting is when you have them take away the cutting bias.
The number was a little higher than expected. I think the market will like it, but we are still talking about no growth here, and the trend is clearly down. The market is going to interpret this at first favorably, but a more rational interpretation is that it is pretty darn weak.
That's a function of companies wanting to feel confident that the economy is up and running again before they hire back. If they do want to ramp up activities, they do it by grinding more out of existing people.
They wanted to give themselves some flexibility, which they didn't have with that language.
The Fed is that much closer to being done. I think they are done after next week.
The Fed is much closer to being done.
The Fed is going to keep chugging along.
The Fed is certainly fighting inflation right now, and this probably gives them a little more oomph to fight.
The Fed will be more upbeat, but there's still a long way to go before they make any move. This economy is just beginning to really grow. Until we get real job creation, there will be no inflation worries -- and we're not there yet.
I'm not predicting a double-dip recession, but the odds of it have gone up. Instead of 5 percent, there's maybe a 15 or 20 percent chance of it now.
Inflation is not an issue right now. We're looking for inflation to be between 1 and 1-1/2 percent this year. It's typical that you see inflation come down and stay low for a while after you have had an economic slowdown.
I don't put a lot of faith in the PPI these days, with the delays due to calculation problems. You need to really focus on the CPI and personal consumption.
This is one of those numbers that can kind of go either way. It means factories are producing more than they would have been, but if sales don't show up, then they have to pay it back. There's always the chance that doesn't happen.