I think the Fed will change the wording and get rid of measured. Greenspan wants to get to neutral on his watch and the Fed will want to change the wording to suggest that it's almost done.
More Quotes from Brian Stine:
The Fed is in a difficult position given the hurricane. The Fed is kind of flying blind.Brian Stine
Historically a flat or inverted yield curve is bad news for the market but I don't think that is the case this time. Buying of Treasuries won't go away when the Fed stops raising rates. The long-end going down just reflects demand for long-term bonds.
Brian Stine
I don't think much work is left for the Fed but there is always volatility at the turning point of a tightening cycle. But with volatility comes opportunity. Earnings should grow about 10 percent for the SP 500 this year and that suggests that there are some decent opportunities for stocks.
Brian Stine
One of the main drivers right now for the market is this worry about interest rates.
Brian Stine
The jobs numbers are going to be meaningless for the next few months. You'll have Katrina as a big asterisk. So the Fed will be flying blind a little bit.
Brian Stine
Readers Who Like This Quotation Also Like:
No, I do not identify with the right wing.Tom Metzger
Am I grumpy? I might be. But I think maybe sometimes it's misinterpreted.
Harrison Ford
Eternity: a moment standing still for ever.
James Montgomery