Tony Crescenzi
Tony Crescenzi
begins economy global net safety slow strong tremendous
Because of the strong global economy, there is a safety net surrounding the U.S. economy -- so if it begins to slow, it won't slow much because there is tremendous support.
apt consistent fed inflation mode notion rearing testimony
His testimony is apt to be consistent with the notion that the Fed is still in a tightening mode and inflation is rearing its head,
april conduct early fed high might move payroll people rate report rumor since strong wage
The new rumor now since the meeting, since they did not act, is that the Fed could conduct an inter-meeting rate change, ... This is something they haven't done since April 1994, but people feel if the payroll report is strong and it's accompanied by a high wage gain, the Fed might move as early as tomorrow.
aftermath ammunition appears bad fed inflation justify strategy string
In the aftermath of a string of bad inflation news, the Fed now appears to have ample ammunition to justify their strategy shift.
conditions felt months next percent six versus
Sixty-three percent of respondents said they felt conditions would get better over the next six months versus just 5 percent who said that conditions would get worse.
appears duress growth inflation low remarkably seen several strong ways
The 'new era' economy, wherein strong growth and low inflation have coincided remarkably for several years, appears to be under duress in ways not seen in some time,
continue continuing markets point raise reinforce stock
They are continuing to reinforce the point that regardless, with the stock markets down, they are going to continue to raise rates,
billion dictate match since trade
Since $300 billion in yen trade each day in the markets, the G-7 is really no match for the market's firepower, ... In the end, fundamentals will dictate trading.
banks capital chances changed game greater risk
Now the game has changed and there's a greater risk of capital loss. Banks won't take as many chances now.
bond concerns federal reserve watches
These are important concerns for the bond market, ... We know that the Federal Reserve watches these things.
built confident good market tremendous
The market is very confident in Greenspan. He has built up tremendous good will.
alan appears chairman hikes interest pace rate slow
With the Fed's statement, Chairman Alan Greenspan's famed gradualism is surfacing again, as the chairman appears to be signaling a slow pace of interest rate hikes in the future,
assessment downward overall results trend underlying
The refunding results show that the market's assessment of underlying (economic) fundamentals is that they are still bearish. Therefore, the market's overall downward trend is intact.
almost further hikes rate rest
We've come a long way, ... There's almost no expectations of further rate hikes for the rest of the year.