Tony Crescenzi
Tony Crescenzi
consumer correct cost
The CPI is correct in measuring consumer prices, ... But it's not correct in measuring the cost of living.
advance both compared countries creates economic economy-and-economics environment good growth lower powerful rates return serve
The productivity advance will also serve as a powerful backstop for the U.S. dollar, as it creates an environment that is good for the rates of return on U.S. assets, especially compared to other countries where both productivity growth and economic growth are lower than in the U.S.,
bond both causes weakness
There are many causes of both today's weakness and of the bond market's weakening in general,
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,
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.
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,
combined confidence critical either gold greenspan high inflation might push value words
Greenspan's confidence in the predictive value of gold (as an inflation indicator) might be high enough that, when combined with other critical predictors . . . could push Greenspan to either hawkish words or action,
appear concern degree inflation minutes risks smaller
The minutes appear to show a smaller degree of concern about inflation risks than some may have feared,
bearing bonds capital competition factors inflation influence interest large levels monetary rates structure supply yield
The supply of bonds won't have a large bearing on the yield levels or the structure of the yield curve, ... The influence on interest rates will come more fundamental factors such as inflation expectations, competition for capital and monetary policy.
above comments fed inflation level neutral percentage points rate views
Parry's comments hint that the Fed still views the neutral level of the federal-funds rate to be approximately two percentage points above the inflation rate,
excessive fed hanging onto optimism
The Fed is hanging onto its long-term view. Some will say this is just excessive optimism.
auction elements expected good ratio seem yield yields
There seem to be all the elements of a good auction -- the bid-to-cover ratio was solid, the yield was as expected and yields are not rising.
activity asset bring economic help lower oil outlook prices profit stimulate stocks
If oil prices fall, it will help to stimulate economic activity -- the profit outlook will be better and also lower oil would bring down costs, making stocks the better asset class.
fed market
The Fed has been very, very clear, and that's going to keep the market under pressure.