That made a lot of people think that the Fed couldn't wait until March 20.
More Quotes from Dominic Konstam:
I'd be surprised if he gives us anything new in content.Dominic Konstam
They have to tread carefully, they don't need to raise rates so they become restrictive as there is no inflation, so they are fumbling for a neutral funds rate.
Dominic Konstam
People are scaling back the idea that the Fed definitely has to go beyond 5 percent.
Dominic Konstam
The path of least resistance is flattening.
Dominic Konstam
The front end of the curve tried to rally a little bit and there was a trade down in the belly of the curve. We expect the Fed to cut rates another quarter-percentage point in January and for federal funds to be at 1.5 percent in the middle of 2002. We're looking for a recovery in the third quarter of next year.
Dominic Konstam
The inflation story embedded in this report is really not that bad. People are coming back into the labor force and wage pressures aren't showing, so this is generally good for bonds.
Dominic Konstam
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