I think at the Fed they believe we're getting near full employment. You've got unit labor costs going up. If we get a very strong jobs number, I don't totally rule out a 50-basis point (half of a percentage point) hike in June.
More Quotes from Greg Valliere:
We should have economic growth of more than 3 percent this quarter. I think the Fed is concerned about a possible housing bubble and about us getting close to full employment. I think this is one of the rare occasions were the market has it wrong.Greg Valliere
I think Greenspan realizes that if he doesn't move tomorrow, he may have to do 50 basis points at the end of January, which could look panicky.
Greg Valliere
There's a growing concern that the White House is out of touch. He has to show more empathy, and he hasn't done a good job on that.
Greg Valliere
The next few months are really crucial. If it's clear by the end of winter to most Americans that the economy has turned, the economy won't be a big negative for Bush. But it's a close call.
Greg Valliere
I think it (Friday's report) is incredibly important from a market point of view. But I'm not sure that swing voters in rural Ohio are going to be into the non-farm payroll number.
Greg Valliere
I think Microsoft would like to wait until after the election, and maybe if George W. Bush wins, they could get treated better by a Bush Justice Department. I think they're delusional if they think that's going to get them out of their problem, but I wouldn't be surprised if that's in the backs of their minds.
Greg Valliere
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