Anthony Chan
Anthony Chan
alan comments expansive fed greenspan inflation monetary obviously policy reflects report sort though wait
The CPI report was very tame. It sort of reflects the comments by Alan Greenspan that even though monetary policy is way too expansive right now, inflation is sufficiently a non-event, a non-problem, so the Fed obviously can wait at this point,
bowls continue fed force full investors punch raising rates ready realize reception rooms soon start
What investors should realize is that the hostesses have been recruited to start removing the punch bowls from all Fed reception rooms and will soon be out full in force and ready to continue raising short-term rates well into 2003.
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With this figure, markets can remain all but assured that the Fed will continue to push short term rates higher well into 2006.
early expect fed historic near pick rate results savings seen starting though work
We're starting to see the savings rate pick up from near historic levels, which is very encouraging. Though we don't expect Fed tightening to work overnight, we are starting to see some of the early results of the significant tightening we've seen to date.
admit continue eye fairly far federal funds greenspan notion percentage quarter quickly raise rate rates risen
Yes, Greenspan does admit the obvious, that the real federal funds rate has risen considerably, but he quickly concludes that the rate 'remains fairly low'. This is Fed-speak for the notion that the Fed will continue to raise rates by a quarter percentage point...as far as the eye can see.
comments fed interest raise rush
Today's comments will go a long way to dispelling the idea that the Fed is in a rush to raise short-term interest rates.
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Today's Fed rate cut and directive clearly reflects the fact that the Fed is coming to the end of its rainbow and therefore wants to ensure that it still can convince financial markets that it still has further flexibility to do more if it needs to.
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What the Fed showed was that extraordinary circumstances require an extraordinary strategy. Not only are they moving rates to lows not seen since the early '60s, they're prepared to move them a lot lower.
bad fed hope numbers rays road
When you have a long road to travel, you don't take too many breaks. You just keep on going. We're one or two bad numbers away from reassessment of Fed policy, but we're not there yet. Yes, this number is weak, and yes, it's disappointing, but there are some rays of hope in here.
action fed next november perhaps rules until
This rules out any Fed action until November -- or perhaps until next year.
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Going into this report, many analysts greatest fear was that the Fed may have lost some control of this budding recovery. The actual evidence shows that a moderate recovery is exactly what we are likely to get.
economy fed greenspan seems structure underlying willing
Greenspan has to give reassurance that, if things deteriorate, the Fed is willing to act. But the underlying structure of the economy seems pretty good.