Michelle Laughlin
Michelle Laughlin
appetite corporate debt
There just has not been any appetite for corporate debt and corporate bonds.
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.
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.
consumers correctly economy encouraged fed looking pulling risk slip spending stocks sure tells
This tells me the Fed is correctly looking forward, looking at the risk of consumers pulling back in spending because stocks have fallen. They're working in anticipation of that to make sure the U.S. economy does not slip into recession. I'm very encouraged by the Fed's action.
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.