Mark Vitner
Mark Vitner
above below came gas higher huge interest knock market number prices rates relief rising sign
There was a huge sign of relief when the number came in above 100, and that's why the market rallied, ... There was a thought that the combination of rising interest rates and higher gas prices would knock it below 100.
difficult fed follows leave meet rates strength unchanged
If this kind of strength follows through to other reports, it will become very difficult for the Fed to leave rates unchanged when they meet on Aug. 22nd,
buying easy folks happened home rates rushed spring thinking weather
What happened in March, if you were thinking about buying a home this spring and you thought rates were going to rise, you may well have rushed into the market. The weather cooperated as well, making it easy for folks to get out and shop, particularly in the South.
april folks interest pulled rates sales
With so many folks sensing that interest rates were rising, we probably had some sales pulled from April into March,
budget deficit federal government increases interest means rates tax
When the federal government increases the budget deficit it increases interest rates on everybody, so it is like a tax increase on borrowing. What that means is that mortgages will be more expensive.
coming damn economic interest percent plenty rates reports respond weak zero
We're going to have plenty of weak economic reports over the coming months. If they respond to every one, they'll get down to zero percent interest rates pretty damn quick.
baby dunk energy likely move prices raise rates remain slam
As long as energy prices remain high, they're likely to move in baby steps. I just don't think it's a slam dunk that they raise rates in December.
boost businesses costs energy fed growth hiking hire hiring interest labor looks markets output rates recent reluctant
The most recent acceleration in productivity growth looks like it was cyclically driven, ... Even with output soaring, many businesses were reluctant to boost hiring because the Fed was hiking interest rates and energy costs were surging. Even if businesses wanted to hire more workers, many could not because the labor markets were so tight.
cause coming conclude economic expected fed heels inflation interest june leave news rates recent unchanged weaker
Coming on the heels of the recent spate of weaker economic reports, the better than expected inflation news will probably cause the Fed to leave interest rates unchanged at their June FOMC meeting, ... It is still way too soon, however, to conclude that the Fed is done.
bit commercial conduct economic expansion fed high quickly rates rise wire
The Fed has to conduct a bit of a high wire act. If rates were to rise quickly that would put part of the economic expansion at risk, particularly residential construction and commercial development.
august basis beyond both cut fed october points rates
The Fed will probably cut rates in both August and October by 25 basis points (a quarter-percentage point) each. We really don't know what they will do beyond that.
disturb hear interest rates sure
I'm not too sure we're going to hear that much that will disturb markets, but I'm sure he'll say at least something hinting that long-term interest rates are too low,
bush cause employment george harm keeping low people raise rates weak
They would like to raise rates, but right now, keeping rates a little too low would cause the least harm in the economy. If they raise rates after this weak employment report, people will be hollering. George Bush would be hollering the loudest.
coming confidence consumer gas hold interest knock likely prices rates
I don't know if the gas prices and interest rates will knock consumer confidence down in coming months, ... I think they're more likely to hold it where it is now, which is good, but not great.