Tony Crescenzi
Tony Crescenzi
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.
advance both compared countries creates economic economy-and-economics environment good growth lower powerful rates return serve
The productivity advance will also serve as a powerful backstop for the U.S. dollar, as it creates an environment that is good for the rates of return on U.S. assets, especially compared to other countries where both productivity growth and economic growth are lower than in the U.S.,
commodity global growth lifting prices revival sector
There is a revival in global growth now underway that is lifting the U.S. manufacturing sector and hence, commodity prices and wages.
consumer correct cost
The CPI is correct in measuring consumer prices, ... But it's not correct in measuring the cost of living.
assessment downward overall results trend underlying
The refunding results show that the market's assessment of underlying (economic) fundamentals is that they are still bearish. Therefore, the market's overall downward trend is intact.
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.
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,
early great holland mania markets repeatedly
Like the Great Tulip Mania in Holland in the 1600's and the dot.com mania of early 2000, markets have repeatedly disconnected from reality,
current earnings excess market might news next prices reflect released several stock unwind weakness weeks
It is conceivable, for example, that the current weakness in stock prices may already reflect the weak earnings news that will be released over the next several weeks and the stock market might unwind some of its excess pessimism,
america rest treasury
Where was the Treasury when the rest of America was refinancing its debt?
alan appears chairman hikes interest pace rate slow
With the Fed's statement, Chairman Alan Greenspan's famed gradualism is surfacing again, as the chairman appears to be signaling a slow pace of interest rate hikes in the future,
data expect fed feed hands home sales
The pending home sales data feed right into the hands of those who expect the Fed to end its interest-rate hikes.
bet bid bonds equity hold lately market pattern rare retain stocks strengthen
The pattern of the equity market lately is that it doesn't retain its bid for long. Bonds started to strengthen on a bet that stocks would weaken. It's rare that stocks hold a bid these days.
headed june market meeting open percent possibly treasury yields
Treasury yields look headed to 5 percent by the May 10 (Federal Open Market Committee) meeting and possibly 5.25 percent by the June 29th.