This concern suggests it will take a lot of strength to get the Fed to tighten beyond 5 per cent.
More Quotes from Darren Gibbs:
Even if the bank is starting to see data moving in the right direction, I don't think they are anywhere near easing, so they don't want to give the market any excuse to rally further.Darren Gibbs
There doesn't seem to be any evidence that inflation is accelerating. In terms of when the bank can cut interest rates, we are still looking at sometime in the second half of the year.
Darren Gibbs
We are seeing significant investment. The rate of addition to the capital stock is as great if not greater than anything we have seen in the past 20 years.
Darren Gibbs
They've made very good profits over the last four or five years. They've had a good run, so they're well-placed to take a hit.
Darren Gibbs
It's not hard to understand why business confidence surveys report significant pessimism.
Darren Gibbs
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