Tony Crescenzi
Tony Crescenzi
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.
apt consistent fed inflation mode notion rearing testimony
His testimony is apt to be consistent with the notion that the Fed is still in a tightening mode and inflation is rearing its head,
above comments fed inflation level neutral percentage points rate views
Parry's comments hint that the Fed still views the neutral level of the federal-funds rate to be approximately two percentage points above the inflation rate,
combined confidence critical either gold greenspan high inflation might push value words
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,
appear concern degree inflation minutes risks smaller
The minutes appear to show a smaller degree of concern about inflation risks than some may have feared,
appears duress growth inflation low remarkably seen several strong ways
The 'new era' economy, wherein strong growth and low inflation have coincided remarkably for several years, appears to be under duress in ways not seen in some time,
aftermath ammunition appears bad fed inflation justify strategy string
In the aftermath of a string of bad inflation news, the Fed now appears to have ample ammunition to justify their strategy shift.
market modest resilience selling
The selling is modest and the market still has resilience to it.
anxieties bond coming likely market markets signals suggest
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.
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,