There was a lot of speculation around Washington a week ago that something big could come, that the White House needed to trot out something bold ahead of the convention, ... I've talked to several people who've come away from this thinking it's unlikely.
More Quotes from Greg Valliere:
The wording of the statement will be very significant does it make it clear that the Fed is prepared to do more. It will be an important clue about what we might get going forward.Greg Valliere
One of the big stories coming out of this is the inability to get anything done in the next two years. Therefore ... the budget surplus is going to pile up dramatically because Congress won't agree on big tax cuts or big spending hikes.
Greg Valliere
We'll probably get more rate cuts tomorrow, but I think you will probably see something on the fiscal side too. You may even get a little more on the tax side. Even Democrats agree that we might need a payroll tax cut,
Greg Valliere
The Wall Street types want to make the United States attractive for investment, and a strong currency attracts investors.
Greg Valliere
I thought there would be something a little gentler. This is very harsh.
Greg Valliere
Even though there's a lot of angst over the budget, a cut of 56 billion over five years, or 40 billion in spending cuts over five years, is pretty mild it's almost a rounding error.
Greg Valliere
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