Charles Lieberman
Charles Lieberman
built currently expected forward increase interest rates suspect
I suspect that interest rates must increase considerably more than is currently expected or has been built into forward markets.
data recovery stage
I think we have a recovery under way, ... At this stage of the recovery, the data are often mixed.
economy equity fed fighting hike market people rates recognize
The economy is doing a lot better than people recognize and therefore, the Fed may have to hike rates more than they expect. The equity market is fighting the Fed.
economy fed growth inflation mild pressure pressures relatively relaxed soft solid
Unemployment is sufficiently high, and the economy has just come out of a relatively mild recession, so inflation pressures are relatively soft right now. It will take a while of solid growth before we have upward pressure on inflation, so the Fed can be a little relaxed about it.