The CPI report was very tame. It sort of reflects the comments by Alan Greenspan that even though monetary policy is way too expansive right now, inflation is sufficiently a non-event, a non-problem, so the Fed obviously can wait at this point,
More Quotes from Anthony Chan:
We will see more bad news on the employment front. We see unemployment going to 6.1 percent or 6.2 percent before it's over no way are we going to see that coming down while we're creating so few jobs.Anthony Chan
We are not likely to see faster employment growth until the current growth trend in productivity slows significantly.
Anthony Chan
This is a report that represents judgment day for the Federal Reserve,
Anthony Chan
For the equity market, this is somewhat good news because certainly (the report) is an important button for the Federal Reserve to see if its policies are working and that housing is slowing down, as it would be expected to do so, with all the hikes in short-term interest rates.
Anthony Chan
Weaker consumer confidence threatens to reverse the course of the recovery. That's why policy makers will be so cautious. They don't really have to worry about the economy's fundamentals, but they do have to worry about confidence.
Anthony Chan
keeps the Fed tightening engine humming along and does raise the possibility that a more aggressive posture could be adopted somewhere down the line if the inflation indicators continue to surprise to the upside.
Anthony Chan
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