I think the concern that was motivating the Fed (to lower interest rates ) is that it's going to shift to more Western hemisphere trade partners. I think the risk is it's going to broaden and deepen.
More Quotes from Dana Johnson:
This is a crystal clear indication that the labor markets are very healthy and it reinforces the notion that the economy is growing in a healthy, sustainable way.Dana Johnson
The unemployment rate on a month-to-month basis bounces around quite a lot. The trend is for a small downward drifting in the unemployment rate, reflecting as much people withdrawing from the labor market as anything else.
Dana Johnson
I'm working hard to sell this town. Just try to picture it without the tree.
Dana Johnson
I think it's important to recognize that inflation is where the Fed wants (it) to be. They don't want to overshoot. I think they will pause real soon.
Dana Johnson
It's a little more evidence that growth in the economy has downshifted a bit, but that's what happens when higher energy costs take money from people's pockets.
Dana Johnson
People are awfully comfortable with the outlook for stable Fed (policy), so bonds trade with the stock market.
Dana Johnson
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