Michelle Laughlin
Michelle Laughlin
action ahead apparent clear inflation instead interest less matter raising rates signs terms
I really think, in the end, it probably doesn't matter for the Fed. They have made it clear that they want to be preemptive. They want to take action before signs of inflation are apparent so they can get ahead of the curve, and (that way) they have to do less in terms of raising interest rates instead of doing more.
comments far fed gone price shifted suggesting testimony today wake
His testimony today is so important because the markets, in the wake of his comments suggesting the Fed has shifted have gone so far as to price in an ease.
correction fed market seen sentiment stock worried
The sentiment we have seen with the stock market correction -- I think it is something the Fed is worried about.
assess fed impact market mode until wait
I think the Fed is in a wait-and-see mode so the market is going to be in a wait-and-see mode. We're going to wait until we can assess the impact of Asia.
cautionary judgment watching
I'm watching it. I'm reserving judgment, but I do think it's a cautionary flag.
reduced reverse time yesterday
The thing yesterday for the first time in a long time was reduced risk-aversion...it was the reverse of the flight-to-quality.
fund
There is a lot of speculation out there about what prompted the move. Some have said there may be another hedge fund blow-up out there.