William Sullivan
William Sullivan
appears august defensive doubt hike later market meeting policy preparing rate
There's no doubt the market is on the defensive and is preparing for what appears to be inevitable. A rate hike at the August policy meeting later this month.
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.
data debate fed generate hikes
The data will generate a debate at the Fed about how many more rate hikes there will be.
building committee expect federal hike impression june market open rate
I get the impression he is building the market up to expect a rate hike at the June Federal Open Market Committee meeting.
against backdrop bit expect inflation market observers soft stronger treasury
Inflation was probably a little bit stronger than expected, so against that backdrop we don't expect a substantial Treasury market rally. We may get some short-covering, but many observers will sense that this is a soft patch.
change last monetary policy
indicating this may be the last change in monetary policy for a while.
ability bonds influence move
The big influence on bonds is stocks' ability to move higher,
benign consumers context declining doubt energy food good level news performance retail wash wholesale
The benign performance at the wholesale level may not necessarily wash through at the retail level. But there is no doubt that there is good news for U.S. consumers in the context of declining food and energy prices.
affect confidence consumer currently economic economy event fed later leading spending
The retrenchment in equities will undoubtedly affect the economy later in the year, ... This is not just a correction, it's an economic event that could affect consumer confidence and consumer spending down the road, leading to a more pronounced slowdown than the Fed is currently factoring in.
building calendar corporate dried issue kinds
The new issue calendar had dried up for all kinds of issuers. But now, the corporate calendar is building again.
building calendar corporate dried issue kinds
The new issue calendar had dried up for all kinds of issuers, ... But now, the corporate calendar is building again.
economy fear federal monetary points reserve
The fear here is the economy is overheating. And this points to a Federal Reserve with a much tighter monetary policy.
account afraid fall foreign investors leadership puts rule sharp taking view
I'm afraid we're not taking account of how foreign investors view this. That puts U.S. leadership at risk. I wouldn't rule out a sharp fall in the dollar.
accounting
It's impressive, but it's probably technical. We still have these accounting questions.