The switch is presumably to squash speculation that they are embarking on a new sequence of rate cuts, ... This is sensible -- they can always change their mind if they have to, but in the near term it will quiet the markets. It is also consistent with their medium-term view that the economy will indeed recover in the not-too-distant future.
More Quotes from Ian Shepherdson:
The gains were uneven, however, with small declines in clothing and electronics, a decent 0.7 percent rise for general merchandise and a huge leap for non-store retailers. Provided January holds up -- surveys suggest so far, so good -- the overall holiday season will have been pretty good.Ian Shepherdson
If these declines were part of the normal economic cycle we would now call for a recession in the U.S., but they aren't. The index is responding to a shock, and we expect it quickly to rebound.
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
This dip in claims is unlikely to prove significant. The trend, measured by the four-week moving average, is still rising after its turn of-the-year decline.
Ian Shepherdson
Even though most people displaced by the storm are still away from their homes, Labor Department officials have been helping people make claims from their temporary accommodations.
Ian Shepherdson
After the attack on Pearl Harbor, the New York stock market fell 5 percent over two days. As the United States mobilized and expressed its resolve in the ensuing days, the stock market came back.
Ian Shepherdson
Readers Who Like This Quotation Also Like:
Based on Topics: Future QuotesBased on Keywords: medium-term, not-too-distant
I mean, you have to be able - you have to have made the commitment within yourself to do whatever it takes to get the job done and to try to inspire other people to do it, because obviously the first rule is you can't do it by yourself.
James Cameron
A man has always to be busy with his thoughts if anything is to be accomplished.
Antonie van Leeuwenhoek
After the book took off, I bought a whole new wardrobe.
Terry Goodkind