Preparing the markets for a rate hike is a process in which the Fed gradually has to back away from its unduly pessimistic stance of recent months. This will take some time, but the process is now underway.
More Quotes from Ian Shepherdson:
Mr. Greenspan clearly wants to leave the door open to lower rates, but he was more explicit this time in his acknowledgement that there are risks on the other side.Ian Shepherdson
As far as we can tell, just about everyone now expects another 25-basis-point hike on May 16, which rather begs the question why the Fed did not act more boldly today and raise rates by 50 basis points, ... By the time of the May meeting, a bigger move might be forced upon the FOMC.
Ian Shepherdson
The mystery is how to square with this with both the Redbook and Bloomberg chain store sales surveys, which pointed to a huge gain, ... Maybe it will come in March, or today's numbers will be revised up. Either way, this is a brief diversion, not a change
Ian Shepherdson
A big headline drop was always in the cards after the weather-assisted surge in January, which hugely boosted retail activity.
Ian Shepherdson
These are spectacular numbers and confirm that the labor market is not at the moment the source of anything that could be plausibly described as inflationary pressure.
Ian Shepherdson
Companies seem to have acted very quickly this time around once they realized that economic growth was slowing sharply, ... Overall, the data suggest talk of a labor market meltdown is overdone.
Ian Shepherdson
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Based on Topics: Time QuotesAnd Kinsey thought that anybody who defined themselves based on their sexual acts was limiting themselves.
Bill Condon
I, schooled in misery, know many purifying rites, and I know where speech is proper and where silence.
Aeschylus
The proper route to an understanding of the world is an examination of our errors about it.
Errol Morris