Anthony Chan
Anthony Chan
aggressive approach bit cold economy grow market maybe quickly rate realize stock worried
The stock market didn't want the economy to grow too quickly because they were worried about aggressive rate hikes, ... They wanted the Goldilocks approach where everything was just right. But now they realize that maybe the porridge is a bit too cold for their taste.
continued despite fed greenspan improvement inclined labor latest market might move neutral remain risks small suggest testimony towards
The small improvement in labor market conditions, despite the continued risks that remain on this front, do suggest that even with all the caveats that Greenspan echoed in his latest testimony ... the Fed might be inclined to move towards a neutral risk bias.
ahead fear gain labor markets monetary policy rate release report rise robust sting takes
The rise in the unemployment rate takes much of the sting away from the robust gain in payrolls from a monetary policy perspective. The big fear ahead of the release of this report was that labor markets were overheating.
close eventually housing market peak though
Even though we are close to the peak and we are still going to see spurts in activity, we will eventually see the housing market slow.
change data federal inflation markets number numbers react though
Even though I don't think one number is going to change the Federal Reserve's mind, the markets react to data as it comes out and these numbers were not inflation friendly.
bit consumer effect equity higher markets positively react turn wealth
As the equity markets react positively to this change, we get a bit of a positive wealth effect which in turn should induce higher consumer spending.
consumer happening helping hurt market performance question stock
There's no question that what's happening in the stock market is going to hurt consumer spending. The only thing helping us is the performance of housing.
labor market mind question
There's no question in my mind that the labor market is improving.
blow distance economic economy event fatal market slow within
Yes, the economy was slow and would have come within a hair's distance of a recession. But Sept. 11 was the fatal blow to the economy this year. That probably will be the most important market and economic event of the year.
central falling fear lower markets rates sending signal step
I think this is an important first step for the central bank. They didn't want to lower rates too aggressively for fear of sending a signal to the markets that they thought things were completely falling apart.
conditions couple details devil fear found greatest instead labor market months next true
Usually the devil is in the details. With this report, the greatest fear is that details of true labor market conditions will be found over the next couple of months instead of in this report.
claims close coming corner ignore labor market trend turning
We can't ignore the trend -- jobless claims have been coming down. We're at least close to turning the corner on the labor market front.
clearly coming convince cut ensure fact fed financial further markets needs rainbow rate reflects therefore wants
Today's Fed rate cut and directive clearly reflects the fact that the Fed is coming to the end of its rainbow and therefore wants to ensure that it still can convince financial markets that it still has further flexibility to do more if it needs to.
believe current labor market report safe strength true
I believe that it is safe to say that this report understates the true strength of current labor market conditions.