Anthony Crescenzi
Anthony Crescenzi
believe change conditions confident employment expansion gains greenspan interest jobs report seen
We haven't seen big gains in jobs yet, so Greenspan can't be completely confident this expansion will be self-reinforcing, ... But I believe a blowout employment report is on the near-term horizon, and that will set the conditions for a change in interest rates.
book cutting given late might news rates reflected report weak
Given that some of the news of late ... has been on the weak side, and given that the Fed's own Beige Book report reflected weakness, they might show an inclination to cutting rates in the future,
boom cars creation effects expect good held indication items job majority payroll pick report slowing spending tax
The refinancing boom and effects from the tax rebates are waning, so spending on big-ticket items such as cars may be slowing down, ... But spending on services, which is where the majority of the job creation occurs, has held on, and we expect it to pick up. Friday's payroll report should be a good indication of that.
excess growth pointing report strong
The report is universally strong and is pointing to growth in excess of Greenspan's objectives.
change factory orders release report sector
The release of the factory orders probably won't change the Fed's decision, ... The report reinforces that the manufacturing sector is recovering.
clinton happened hurt market people report stock yesterday
In the morning, many people thought the Clinton report would hurt the stock market - but it happened yesterday and Wednesday.
depends loses maybe neighbor
What's the expression? 'If your neighbor loses his job, it's a recession, but if you lose your job, it's a depression?' Maybe it depends on who's making the definition.
consumer mistake
It would be a mistake to get bearish on the consumer now. It's been a mistake to be bearish on the consumer for many years.
consumer mistake mistakes
It would be a mistake to get bearish on the consumer now, ... It's been a mistake to be bearish on the consumer for many years.
ended raised
It was very well subscribed -- and that was why they raised it and it ended up being $4.8 billion.
beginning bond calling since toward year yield
I've been calling for the bond yield since the beginning of the year to get toward 6 percent,
aversion beaten markets risk smaller touch
The risk aversion was a touch smaller today, but it was more of a toe-step into the markets that were beaten up badly.
difficult fed funds further higher lower market somewhat step trade
Right now we have to take a step back and say how much further can we go with this news. Where fed funds are now, at 6.5 percent, makes it somewhat difficult for the (bond) market to trade higher or lower in yield.
attention economy economy-and-economics fed inflation pay point slowing
Even if the economy slows, there will still be inflation, ... But there comes a point when the Fed won't pay attention to inflation because of a slowing economy.