Anthony Crescenzi
Anthony Crescenzi
cut draw greenspan market morning quarter rate
The market has priced in a rate cut, of at least a quarter point, ... and this morning it was for a rate cut of .75 - and I think that is where Greenspan would draw the line.
confidence durable effect figure gets goods main orders rate street unlike
The jobless rate gets a lot of play on Main Street -- it's a figure that Main Street completely understands, unlike durable goods orders and things like that, ... It can have a big psychological effect on confidence and spending.
claim clear consistent demand growth indication job labor level quite
The jobless claim level now is consistent with job growth and is a clear indication that labor demand is quite strong.
conditions financial market near points
The market has done part of the job, but this tightening is not yet substantial -- financial conditions are still near their loosest points in many, many years,