We expect a balanced speech that reaffirms that a March hike is likely, but that subsequent moves are data-dependent.
More Quotes from Drew Matus:
I think these minutes ratify the middle view in the markets, not that the Fed's done and not that the Fed's going to 6 percent.Drew Matus
There have been historical precedents where people have spent well in excess of what they've earned from foreign trading partners for extended periods of time and nothing has happened. The big wild card is you have a reserve currency (such as the dollar), how much extra room does that give you. That's the 100,000 question, or the 100 million question, or the 1 trillion question.
Drew Matus
The Fed keeps trying to walk the middle course, and unfortunately that gives ammunition to people who think the Fed should be raising rates more and ammunition to people who think the Fed should be done.
Drew Matus
The big wild card becomes what the Fed does about it. That's why the bond market is rallying -- rather than concentrate on the inflationary aspects of higher oil prices, the market thinks the Fed will focus on the growth aspects.
Drew Matus
The data today suggests that there was only a temporary pause in this sector and that we can expect more growth going forward.
Drew Matus
Growth is picking up in the labor market. People are returning to work, working longer hours and making more money. This shows that the economy is healthy. Fears of a soft patch were overblown.
Drew Matus
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Based on Keywords: data-dependentAll meanings, we know, depend on the key of interpretation.
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Each one of us had a little story to tell and each recording was based on that. Lou played all of the music but we both sort of kicked around some cords during the writing phase.
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We are all tourists in history, and irony is what we win in wars.
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