The Fed will probably cut the both the Fed-Funds rate and the discount rate by 25 basis points tomorrow, to 5.25 percent and 4.75 percent, respectively.
More Quotes from Anthony Crescenzi:
The risk aversion was a touch smaller today, but it was more of a toe-step into the markets that were beaten up badly.Anthony Crescenzi
There's only been one spokesperson on the dollar. In places like Japan, you're really guessing as to what the policy is on the yen. No one else speaks for dollar policy - it's a fact. That's why the dollar has had a three-year run against the yen.
Anthony Crescenzi
What you're left with is a figure consistent with the inflation rate slowly moving upward,
Anthony Crescenzi
There is a certain skepticism with regard to the rallies that we have seen in the stock market. We have yet to see the worst of the economic news.
Anthony Crescenzi
The market's applauding the resolve of the Fed and acting accordingly, ... In that way, its behavior is rational.
Anthony Crescenzi
Expectations are one of the biggest parts of the inflation process,
Anthony Crescenzi
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