Tony Crescenzi
Tony Crescenzi
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.,
consumer correct cost
The CPI is correct in measuring consumer prices, ... But it's not correct in measuring the cost of living.
bond both causes weakness
There are many causes of both today's weakness and of the bond market's weakening in general,
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.
cut eventually fed notion point puts rapid rates response speech
Greenspan's speech puts an exclamation point on the market's notion that the Fed will eventually have to cut rates in response to the rapid deceleration in the economy,
decline early fed forecast interest lower might payroll post rates report venture
I would venture to forecast that if the upcoming payroll report were to post a decline in the vicinity of 200,000 or so, the Fed might lower interest rates as early as this Friday.
attitude bank cut feeble growth led money percent rate shows slow supply weak
The Bank of Japan's feeble 10 basis-point rate cut to 0.15 percent shows the head-in-sand attitude that has led to weak money supply growth and a slow economy.
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.
actions begin billion breaking critical endgame finally hike hikes light limits loss point rate rational reached recent scope stock thinking wealth
In light of today's $500 billion wealth loss in the stock market, it is rational to begin thinking about an endgame to the Fed's rate hike phase, ... At the very least, recent developments tell us that the Fed's actions have finally reached a critical breaking point that limits the scope for significant rate hikes going forward.
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.