Today's comments will go a long way to dispelling the idea that the Fed is in a rush to raise short-term interest rates.
More Quotes from Anthony Chan:
The equity market has quite a considerable number of dark clouds hovering over it.Anthony Chan
This report is good news because it says the labor market is turning the corner, but it's still not strong enough to declare victory.
Anthony Chan
Everybody knows energy prices are out of control. But to see the core number coming in line with expectations and the year-over-year figure actually declining tells me the Fed is back on plan to move at a gradual pace (of rate increases.)
Anthony Chan
The key number was not the headline (overall CPI) number,
Anthony Chan
With a fall in the yearly rise in average hourly earnings, both investors and policy-makers can avoid pushing the panic button for a little while longer. In other words, while a (May interest rate hike) remains all but assured, this report did little to nail further tightening beyond this stage.
Anthony Chan
It's going to make the markets a bit jittery, especially when the market is conditioned to be data-dependent.
Anthony Chan
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