I think the next time they meet, we'll get the same thing again. They'll hold steady.
More Quotes from Milton Ezrati:
This provides some conviction that China's economy is still growing very fast.Milton Ezrati
I think the market has a preoccupation with earnings, ... They've been very disappointed and there's a big concern that the slowdown in the economy earnings might have more earnings ramifications than was previously thought.
Milton Ezrati
The market is on a knife edge right now because it has this tremendous hope that it will live in a perfect environment where the Fed stops, but the economy is still strong enough that companies will still report strong earnings.
Milton Ezrati
The economic situation couldn't justify that -- a rate cut, ... The other thing is we're in the middle of an election cycle and the Fed is loathe to change policy in the middle of an election cycle. They like to be, politically, like Caesar's wife -- above suspicion.
Milton Ezrati
New home sales numbers are encouraging, especially after the soft durable goods numbers, ... Investors are very worried about real estate, and any figures that ease those concerns bode well for the market. Still, high oil prices remain a worry.
Milton Ezrati
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