William Sullivan
William Sullivan
cut rates twice
I look for them to cut rates at least once or twice more this year.
basis cut fed full interest percentage points rate rates
If the unemployment rate is weak, look for the Fed to cut interest rates by a full 50 basis points (half a percentage point).
cut developing last late market negatively potential questions rate regarding seems speech tenor treasury week
There were questions developing in the market late last week regarding the tenor of Greenspan's speech ... (and) it seems as if the potential that there won't be a rate cut is weighing negatively on the Treasury market.
cut decline doubt interest provides rate
There's no doubt that this rate cut and interest rate decline provides liquidity,
bond downward move seen unusual
We have seen what is historically very unusual downward move on bond prices.
brighter common economic economy europe fortunes help higher japan move people rates reduce seeing slow theme though
There is a common theme that economic fortunes look brighter in Japan and continental Europe than they do in the U.S., ... Even though higher rates should help the currency, they haven't because most people are seeing that as the Fed's move to slow the economy and reduce growth.
diminished economy evidence knew pressures price statistics
We knew the economy slowed down, and there was evidence from some of the monthly price statistics that inflationary pressures diminished during the period.
fed quick rate reaction seeing terms
To have this quick of a reaction in terms of rate cuts, ... suggests that the Fed was seeing crunch-like conditions.
data employment expected november reacting somewhat stronger tenor
What we are reacting to is the somewhat stronger than expected tenor in the November employment data - that's it in a nutshell.
corporate profits recovery strong
What that suggests is that the recovery in corporate profits may not be as strong as expected.
degree easing federal limit report reserve worry
The real worry is that this report will limit the degree of Federal Reserve easing down the pike.
calls level margin people
There are a lot of people who are tremendously overextended and we're now getting down to a level to where these margin calls are massive, ... The calls are going out right now.
additional hikes labor market mean rate spare
If we do see additional absorption of spare labor market capacity, that could mean more rate hikes through the summer.
easier prices push
makes it a little easier to push prices around.