There's very little chance of a Fed move here, but the debate on the economy is going to keep running.
More Quotes from Bruce Kasman:
What we're seeing in the report is clear signs that manufacturing has turned. And I think it's turned pretty sharply.Bruce Kasman
Minutes from the December 13 FOMC meeting point to downside risk to our call that the funds rate target will reach 5 percent in May. Fed officials sound confident on growth, but more dovish on inflation.
Bruce Kasman
Chairman Greenspan's testimony next Thursday is unlikely to shift his message to signal that a pause is imminent, ... He will probably maintain confidence that the underpinnings of the recovery are sound and that the adjustment in the manufacturing sector will not broaden.
Bruce Kasman
As destructive as past storms have been, they didn't leave an imprint on the U.S. business cycle,
Bruce Kasman
Greenspan's shift to a 'don't criticize what you don't understand mode' signals that the low level of long-term interest rates will, by themselves, not be a factor pushing the Fed towards more tightening,
Bruce Kasman
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