Michael Darda
Michael Darda
pause percent saying
Essentially, he's saying that they may pause around 5 percent after the May meeting.
although great month trend
It was a great report, although one month does not a trend make.
bond low market relative ridiculous stock whereas
The bond market is at a ridiculous valuation, whereas the stock valuation is low relative to bonds.
above economy-and-economics positive potential
There's the potential for a positive surprise. But anything around or above 200,000 is a positive for the economy.
bond economy market ok reaction reassure seemed stock
They seemed to reassure the market that the economy was OK after the hurricanes, but overall, I don't think there's anything new, and that's why the stock and bond reaction has been muted.
change data economic expected fed funds interest minutes moves outlook raise rate released unless
The minutes didn't change the outlook for the interest rate moves priced into the market. The Fed is expected to raise the funds rate at least two more times unless economic data is released that will change this assumption.
continue convinced energy higher prices pricing raising saying strong threat worry
They are saying that they are not convinced that the threat of higher energy prices is over, that they continue to worry about pricing pressure, and with a strong economy, they can keep raising rates.
surprising
There was nothing too surprising in what he said.
bottom ceos financial line officers pitfalls sound worrying
This is a sound contradiction because CEOs should be the visionaries and CFOs should be the bottom line worrywarts, ... Financial officers should be worrying about all of the costs, the pitfalls and the risks.
economic growth inflation obviously strong
This is obviously a continuation of what we've been seeing, which is strong economic growth and inflation expectations.
change context economic monetary overall policy risks talking within
There's no real change in the rhetoric. He's talking about risks to economic growth, but within the overall context that monetary policy can respond.
fed funds huge looking market moves plateau rate talking
The market is higher, but we're not talking huge moves here. The market is looking at a plateau in the fed funds rate at or around 5%.