The message from Fed officials is clear You don't take a record expansion and shut it off with two months of data. There is no risk of a hard landing.
More Quotes from David Gilmore:
Europe has double-digit unemployment and no inflation problem, ... Any European Central Bank tightening will be swamped by much more from the Fed.David Gilmore
Otherwise a spend-prone fiscal policy teamed with a pro-growth monetary policy could be problematic for the U. S. economy and currency ahead.
David Gilmore
The Federal Reserve is nearing the end of its tightening cycle, and the European Central Bank could tighten more.
David Gilmore
The dollar is getting batted back and forth from U.S. data indicating that Fed will raise rates to data that indicates the opposite. I don't think there's enough data on the table for anyone to predict what the Fed will do.
David Gilmore
More tightening is still needed. The Fed has to consider the election calendar. They can't delay until late summer or fall, when it might be politically more difficult.
David Gilmore
If the ECB has to intervene regularly to support the euro, it is sending the wrong message to the public, who will be carrying euro notes and coins in 2002,
David Gilmore
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