Michelle Laughlin
Michelle Laughlin
economy globally good number quite risks strong
The U.S. economy is quite strong right now; however, globally there are still a good number of risks which exist.
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.
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.
additional billion leading markets supply treasury worth
The Treasury is issuing $37 billion worth of additional supply and that's leading to some indigestion in the markets as well.
expects federal move nearly nobody reserve
Nearly unanimous. Nobody expects the Federal Reserve to move today.
market weather worse
It's not worse than what we've seen, so I think the market can weather it.
debate deflation full risk whether
The whole debate about whether deflation is a risk has come full circle.
apple fed growth higher leading sign strong upset whatsoever
There's no sign whatsoever that strong (economic) growth is leading to higher inflation. The Fed is not going to upset the apple cart.
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.