Kevin Flanagan
Kevin Flanagan
calendar fed hike leanings represents ruled time towards year
If there are any leanings one way or another, one is towards tightening. Another quarter-point hike can't be ruled out. This represents an opportune time for the Fed to tighten for calendar year 1999.
appearance clarity fed setting stop taken whether
This appearance has taken on heightened significance as we try to find clarity on whether the Fed will stop tightening after May 10th (policy setting meeting) or not.
curve expensive fed front seems
The front end of the curve seems to be on the expensive side. You have a Fed that is not yet done tightening.
aggressive closer comfort continue easing favorable federal help level numbers provide reserve
From the Federal Reserve vantage point, the productivity numbers are favorable and will continue to provide the Fed a comfort level in its aggressive easing stance. There's no mistaking we're closer to the end of that cycle, but numbers like this will help to alleviate these anxieties.
continue early fed investors numbers realize sentiment starting strong
The sentiment is not as enthusiastic as it was early this week. Investors are starting to realize that if the (economic) numbers continue to come in on the strong side, the Fed is going to tighten (credit) again.
economy fed four raising rates remains revealed statistic
Even with the Fed raising rates four times up to that point, the statistic revealed no significant pullback. The economy remains stubbornly resistant.
far fed numbers pause risks trying
The Fed may pause even if the risks aren't balanced. He is trying to tell you that we will still pause even if the numbers come in as they have so far this year.
burying cemetery family kinds people picked problem supposed unusual whose
These were probably people whose family never picked up the ashes. It's not unusual for a cemetery to get these kinds of remains. The problem is: You're supposed to be burying them.
note selling
It's more of a selling of the two-year note today, while the 10-year note is range-bound.
consumers degree economy items positive providing remains report retail sales somewhat spending support
The retail sales report underscores that consumers still are providing a degree of support for the economy as a whole, ... It's somewhat encouraging to see that spending for big-ticket items remains on a positive swing.
appears bond economic response seeing slight
I think you're seeing an enthusiastic response by the bond market, because there appears to be a slight deceleration in economic activity.
areas fact fund market surprise thin
Considering the fact we have been thin or illiquid in some areas in the market it wouldn't surprise me if there had been some hedge fund selling.
quite san
In San Diego, we don't try quite as hard.
assume cycle
I don't think you can assume the Fed's tightening cycle is done,