The Fed needs firm evidence that the tire has hit the ground and that we're really moving forward in a very firm way, ... They're going to wait to see second quarter GDP gross domestic product and more evidence that business investment and equipment spending, especially in IT information technology is firm before they move to start normalizing rates.
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There's no question that, given the right circumstances, the Fed wouldn't hesitate to spend 175 basis points. But they really have to have a good reason to put an insurance policy out there.Diane Swonk
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It's hard to kill this darn consumer, isn't it Anyone who is losing sleep over the consumer is losing sleep over the wrong thing.
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Is the pressure on inflation behind us I think not. Inflationary pressures are not going to surge overnight, but they'll creep up.
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After the fireworks we've seen coming out of Washington on Friday and Monday, I think the Fed would like to be the least bit of news this week.
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