The market has priced in a rate cut, of at least a quarter point, ... and this morning it was for a rate cut of .75 - and I think that is where Greenspan would draw the line.
More Quotes from Anthony Crescenzi:
The economy is less interest-rate sensitive than it was a year ago because of income growth, and we have corporate profits higher than capital spending -- a condition only seen rarely in the past 40 years -- meaning companies don't need to borrow as much,Anthony Crescenzi
The Fed doesn't want sudden market reactions in response to news that might be difficult they want to cause as little volatility as possible, ... Greenspan has admitted to sending signals in the past -- it's the way they operate.
Anthony Crescenzi
I've been calling for the bond yield since the beginning of the year to get toward 6 percent,
Anthony Crescenzi
The market's applauding the resolve of the Fed and acting accordingly, ... In that way, its behavior is rational.
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
What you're left with is a figure consistent with the inflation rate slowly moving upward,
Anthony Crescenzi
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