Steve Barrow
Steve Barrow
Steve Barrowis a British reggae historian, writer and producer...
change convinced cut expect market
We don't expect a cut and we're not even convinced there will be a change in the Fed's bias. If the market is factoring in a cut, then it may come a cropper as a result.
argument cuts tax
If there are no tax cuts (planned for the budget) then that may be used an argument to cut rates,
head inflation lower target
Inflation in the short-term could head lower than 1.5 percent, that would be at the lower end of the government's target range,
companies cut european excuse hold investors market sell start yields
If European companies start to cut dividend yields this could start to hold the market back. The dividend yield cut story is just another excuse for investors to sell stocks.
consumer demand message raise slow spending view
I don't think the bank's message has really changed. The one view is that if consumer demand doesn't slow down, it will have to raise rates. But the other view is that consumer spending will come down.
doubt economy german interest needs raise rates slide slow stop
The ECB needs to raise interest rates to stop a big slide in the euro. We doubt the German economy will slow down as is predicted.
doubt economy german interest needs raise rates slide slow stop
The ECB needs to raise interest rates to stop a big slide in the euro, ... We doubt the German economy will slow down as is predicted.
accused boxed caring cuts rates risks taking
The ECB is in a no-win situation. If it cuts rates it will be accused of taking risks with inflation, and if it doesn't cut rates, it will be accused of not caring about growth. It's boxed in.
expressed interested likely market members opinions whether
The market will be interested to see whether any members expressed opinions about the likely end of the cycle.
dollar full looking maybe michigan move pricing risk vulnerable weaker
The market, looking for a move down to 85 in the Michigan data, is maybe not pricing in the full risk of a significant slow-down...I think the dollar is vulnerable to a weaker number.
adjust dollar good increases looks people rate
The dollar still looks like a good buy. People are going to need to adjust to more rate increases from the Fed, so that's going to give the dollar a push.
bank canadian currency face hike meeting next performing rate retail slightly week
The Canadian currency is still performing very well especially in the face of a slightly disappointing retail number. The Bank of Canada's meeting next week will be the focus. A rate hike next week is most likely.
closes knows london soon
Everyone knows that as soon as London closes tonight, the U.S. won't intervene.
clear data december divert failed fed following hurricane minutes monetary policy saw weaker
The Fed has been on 'autopilot' with its monetary tightening so that even bouts of weaker data, such as we saw after hurricane Katrina, failed to divert the Fed off course. But now, following the minutes of the December meeting, it is clear that policy will become more data dependent.