Michael Moran
Michael Moran
challenge energy front high hit people start
The real challenge on the energy front hasn't hit yet because it's not winter. When people start to get high heating bills, it will be another story.
economy faces fed gain negative outlook risks side though
Though the (economic data) have been mixed, they've been more negative than positive, and the outlook for the risks the economy faces is distinctly on the downside. The Fed has more to gain by erring on the side of accommodation.
adjustment ahead case compelling fed finished further hold june push showing signs steady various
With various indicators showing signs of softening, the Fed will probably hold steady on June 28, ... We do not think they are finished for the year, but they do not have a compelling case to push further ahead after a 50-basis-point adjustment in May.