Ken Wattret
Ken Wattret
achieve encourage euro growth lower rates rather scholars-and-scholarship sooner target
This will encourage the ECB to lower rates sooner rather than later, ... Their own growth target (for the euro zone) is 2 1/4 to 2 1/2 percent. They won't achieve that now.
booming data growth recovery tells
The data tells us that recovery is on its way, but it's not booming growth.
aggressive ammunition euro half happens move percentage point whatever
Whatever happens the euro will fall. Even an aggressive move - half a percentage point - wouldn't help, and then they'll have used all their ammunition up.
aggressive ammunition euro half happens move percentage point whatever
Whatever happens the euro will fall, ... Even an aggressive move - half a percentage point - wouldn't help, and then they'll have used all their ammunition up.
bringing combined cycle damage demand feeling high hurricane hurt katrina oil prices swift
There's a feeling that high oil prices combined with damage from Hurricane Katrina will hurt the U.S. economy, bringing the Fed's tightening cycle to a swift end. This is boosting demand for bonds.
expect fourth numbers possibly quarter shout subdued third
The (second-quarter) numbers are nothing to shout about, and they could have been worse, ... We can expect the third quarter to be subdued and possibly a better fourth quarter.
euro given inflation pressure signals starting weakness
The signals were very explicit, given the weakness of the euro and pressure on inflation starting to come through,
brought certain fever herd markets mentality
There was a herd mentality to stampede and get on board. That brought the markets to a certain fever pitch.
budget budgets economic headline newspaper rather
This is going to be more of a newspaper headline budget rather than one for any macro economic changes,
fact growth half last percent performance poor tells
So the fact we got growth of about half a percent tells you how poor the performance was over the last year.
corporate cycle economic great household news sector
This economic cycle is different from others. It's been great news for the corporate sector but not for the household sector.
against forward knock recovery remains risk strong
There is a risk going forward that if sterling remains exceptionally strong particularly against the euro, that will knock the recovery in the U.K.,
budgets expected fiscal policy terms
In terms of fiscal policy very little is expected from the budget.
clear hiking needed signs
For the ECB to be hiking rates, they needed to see some clear signs of growth. And they are getting it now in abundance.