Tony Crescenzi
Tony Crescenzi
april conduct early fed high might move payroll people rate report rumor since strong wage
The new rumor now since the meeting, since they did not act, is that the Fed could conduct an inter-meeting rate change, ... This is something they haven't done since April 1994, but people feel if the payroll report is strong and it's accompanied by a high wage gain, the Fed might move as early as tomorrow.
although excuse federal highly officials recent seems signal
It's an excuse to consolidate recent losses, although it seems highly implausible that federal officials would want to signal their plans, through any channel.
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The question is -- and this is why the market hasn't reacted too negatively to the durable goods report -- is whether businesses ... will continue to spend given the risks to consumer spending posed by high energy prices.
animal both consumer dominant energy expected high impact major negative prices rita spending spirits
Rita is a major factor, as it is expected to keep the dominant negative in place: high energy prices and their impact on both consumer spending and the animal spirits of U.S. businesses.
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Greenspan's confidence in the predictive value of gold (as an inflation indicator) might be high enough that, when combined with other critical predictors . . . could push Greenspan to either hawkish words or action,
market modest resilience selling
The selling is modest and the market still has resilience to it.
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The signals coming from the bond market are significant and suggest that the anxieties in the markets are likely to dissipate,
bush congress dead famous fiscal likelihood package president reducing rhetoric stimulus taxes
The rhetoric over the fiscal stimulus package heated up this weekend, reducing the likelihood of passage, ... In what may become a famous remark, President Bush said that Congress would 'raise taxes over my dead body.'
against bears bulls clint data eastwood known longer meaning payroll pit script since written
Even Clint Eastwood could not have written a better script that would pit the bulls and the bears against each other over the meaning of today's payroll report, ... The winner, however, may not be known for a while longer since the data is sufficiently murky.
assets dollar evidence reserves shifting
There's some evidence that they may be shifting away from dollar reserves to other assets to try to diversify their reserves.
bearing bonds capital competition factors inflation influence interest large levels monetary rates structure supply yield
The supply of bonds won't have a large bearing on the yield levels or the structure of the yield curve, ... The influence on interest rates will come more fundamental factors such as inflation expectations, competition for capital and monetary policy.
bond compared corporate few investors months optimistic relatively seem
Corporate bond investors seem relatively optimistic compared to a few months ago.
change delivery notable
Today's speech...is notable more for Greenspan's change in delivery than change in material,
changes follow possible tends treasury
The Treasury tends to follow through with changes in new issuance when it forewarns of possible changes,