These numbers give the Fed license to cut rates as much as necessary.
More Quotes from Anthony Chan:
The Fed will probably want to see signs of a firmer recovery before they jump the gun. They'll take a pass at their meetings in May and in June. They may start the raising process after that, but it will be gradual.Anthony Chan
These claims numbers confirm the notion that things may improve sometime in the future. The fact that we didn't go over 400,000 was very encouraging.
Anthony Chan
All the focus is on the core number. The Fed said yesterday that energy has not worked its way down to core consumer prices.
Anthony Chan
I hope and pray that consumers will work hard to stay close to the second path, ... because it is the right path to take in order to show our defiance against terrorism.
Anthony Chan
With all that as a backdrop, there are some real positive forces to stimulate growth.
Anthony Chan
It puts a little more pressure on the Fed to be somewhat moderate. If the Fed cuts rates Wednesday by half a percentage point, the data put a little pressure on them to make this either their last or close to their last cut of the cycle.
Anthony Chan
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