Richard Hoey
Richard Hoey
analyzing changes
Now we are analyzing the changes before they even hit.
finished hardly treat
We hardly ever get to see the finished project, so this was kind of a treat for us.
basis fed follow last market points probable quite tend view
It's quite probable that the Fed will follow through with another 25 basis points (rate increase), but the market would tend to view that as the last one,
chairman departing hard hard-work work
The departing chairman will have done much of the hard work of tightening before the appointment of the new chairman.
announcing anybody asian competing customers cutting either industrial pay profit seen tough
Anybody who is competing with an Asian supplier is going to have a real profit problem, ... We've seen a continuation of American corporations announcing either that their customers in Asia can't pay or that their competitors in Asia are cutting prices, so it's really tough on the industrial sector.
beginning core fed focus focused
I would say that core PCE is going to be a big focus at the beginning of the week, ... The PCE is important because that is what the Fed is focused on.
anyway despite favorable fed news
The Fed may tighten anyway despite these favorable news announcements.
evidence four last months
The evidence of the last four months is that they haven't tightened enough to kill the economy.