Anthony Crescenzi
Anthony Crescenzi
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.
course cut fed might rates rumors
There were rumors that the Fed might cut rates today, but of course they did nothing.
additional causing create drop economy fed further higher hold interest pose raising rates remains risk stimulus vigor
The Fed will look at a cross-section of data, which still show that enough vigor in the economy remains to pose a risk for higher inflation, ... If the Fed were to hold off on raising rates on Tuesday, they would create additional stimulus for the economy by causing a further drop in other interest rates.
effect employment overall rate reduced sector
If the manufacturing sector were to see even a reduced rate of decline, it would have an effect on overall employment statistics,
confidence durable effect figure gets goods main orders rate street unlike
The jobless rate gets a lot of play on Main Street -- it's a figure that Main Street completely understands, unlike durable goods orders and things like that, ... It can have a big psychological effect on confidence and spending.
buy care evidence food gas health inflation people personally products rate relate station trips
This is evidence of what many have said they've personally experienced, ... Many people can relate to the idea that the inflation rate has accelerated, when they take trips to gas station or buy food or health care -- so many products and services.
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.
further low market percent rate reason
The market has put a low probability on further rate cuts, and I think that is part of the reason why we can't get to 5 percent that readily.
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,