Anthony Crescenzi
Anthony Crescenzi
additional basis continues economy points vigor
If anything, we could get an additional 175 basis points this year, potentially, if the economy continues to show the kind of vigor we've had so far.
basis bottom dollar good line rally stable
Fundamentally there is not a good basis for the yen to rally today. But the bottom line is the dollar is more stable than we would have thought Friday.
basis both cut discount fed percent points rate
The Fed will probably cut the both the Fed-Funds rate and the discount rate by 25 basis points tomorrow, to 5.25 percent and 4.75 percent, respectively.
basis bonds gotten rally
The basis for a rally in bonds has gotten smaller.
excess growth pointing report strong
The report is universally strong and is pointing to growth in excess of Greenspan's objectives.
alarming certainly favorable last trend
As alarming as this is -- and the trend is certainly not very favorable -- it's not like it was in the last recession.
context higher last released
In the context of the PPI released last week, which was much higher than expected, the CPI is a big relief,
conditions inflation
I think we have conditions in place now that could put off the tightening. Unfortunately, there is some inflation embedding itself.
clinton happened hurt market people report stock yesterday
In the morning, many people thought the Clinton report would hurt the stock market - but it happened yesterday and Wednesday.
businesses failed harmful higher industries money small taxed
The money channeled from failed industries to small businesses would be taxed at higher rates, and that would be harmful to the economy,
downside exhausted itself market
In a sense the market exhausted itself on the downside yesterday,
admitted cause fed greenspan market might news past reactions response sending signals sudden volatility
The Fed doesn't want sudden market reactions in response to news that might be difficult; they want to cause as little volatility as possible, ... Greenspan has admitted to sending signals in the past -- it's the way they operate.
comments either hoping people provides rarely rate signal
The comments don't hint either way really. People were just hoping for a signal about the rate move, and he rarely provides that.
debt happened recently reinforce sharp
It will reinforce what's happened recently in the debt markets, (the idea) that there's been a sharp underperformance in high-risk assets,