If the Fed is truly data dependent, then what matters most...is the data flow for the second quarter. What do we know about the second quarter Well, not that much, but what we do know suggests a slowing to around a 2.5 annual rate.
More Quotes from David Rosenberg:
There is a historical pattern that everyone should be aware of because each of the past three newly appointed Fed chairman began their tenure with a quick succession of interest rate hikes.David Rosenberg
Over the past three decades, the Fed tightened on eight occasions, five of these saw the yield curve invert,
David Rosenberg
We have one of the weakest growth rates ever during a tightening cycle, and we have to ask the question why the Fed still believes it is accommodative at 3.75 percent.
David Rosenberg
The question must be asked as to what psychological impact there may be from this oft-cited number ... upon consumer sentiment. The unemployment rate and inflation are the most important determinants of consumer sentiment.
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A Bush win is good for asset managers but bad for life insurance companies.
David Rosenberg
One has to wonder how long the consumer can continue to spend at ... dizzying rates without a material improvement in the labor market.
David Rosenberg
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