There are hints now that the worst may be over in the labor story.
More Quotes from Anthony Crescenzi:
It would be a mistake to get bearish on the consumer now. It's been a mistake to be bearish on the consumer for many years.Anthony Crescenzi
In an environment where there is a lot of uncertainty, the short end will get the benefit. The bond is catching up to the strength on the short end.
Anthony Crescenzi
They have a lot of good will built up it would take repeated actions like this for the Fed to lose credibility. But if they continue to talk pessimistically while the numbers call for a more optimistic outlook, there will begin to be a disconnect between where the Fed would like to see interest rates and where investors believe rates should be.
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
Today, the market witnessed the other side of that de-leveraging process, ... If this was the fuel driving up bonds recently, there's probably not a lot of that left.
Anthony Crescenzi
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