William Sullivan
William Sullivan
glow inflation month negative
We're basking in the glow of negative inflation in the month of November.
activity gets moderation pace quarter seeing third
We're seeing some moderation in the pace of manufacturing activity as the third quarter gets under way.
funds grips
We are also in the grips of liquidations by hedge funds and a lot of dealers don't want to see big exposures,
building committee expect federal hike impression june market open rate
I get the impression he is building the market up to expect a rate hike at the June Federal Open Market Committee meeting.
basis cut fed full interest percentage points rate rates
If the unemployment rate is weak, look for the Fed to cut interest rates by a full 50 basis points (half a percentage point).
bring fresh news
This was old news and didn't bring any fresh insights.
against backdrop bad extra market negative prone react whatever
Whatever is transpiring in the market, especially this week, is against the backdrop of extra negative sentiment, so the market is prone to react to bad news.
cut rates twice
I look for them to cut rates at least once or twice more this year.
additional hikes labor market mean rate spare
If we do see additional absorption of spare labor market capacity, that could mean more rate hikes through the summer.
greenspan obstacles recovery slow suggesting swift
Greenspan is suggesting that the recovery is going to be slow and that there are obstacles to a swift rebound.
fed quick rate reaction seeing terms
To have this quick of a reaction in terms of rate cuts, ... suggests that the Fed was seeing crunch-like conditions.
degree easing federal limit report reserve worry
The real worry is that this report will limit the degree of Federal Reserve easing down the pike.
data employment expected november reacting somewhat stronger tenor
What we are reacting to is the somewhat stronger than expected tenor in the November employment data - that's it in a nutshell.
corporate profits recovery strong
What that suggests is that the recovery in corporate profits may not be as strong as expected.