There is a specific reference in February to 'the pace of policy moves at upcoming meetings ... would depend on incoming data', suggesting a degree of potential flexibility that was absent from the December minutes,
More Quotes from Ian Shepherdson:
The new Fed Chairman clearly expects to have to raise rates a bit further, but the extent of the tightening is dependent on the relative performance of the labor and housing markets.Ian Shepherdson
Clearly good numbers, reinforcing the Fed view that much of the spring rise in inflation was 'transitory' - but good CPI numbers alone will not stop rates rising slowly.
Ian Shepherdson
Not pretty, and getting worse.
Ian Shepherdson
There should be no doubt that Mr. Greenspan's view has changed he now believes the economy is turning rather than just approaching the turn,
Ian Shepherdson
This jump in inventories will marginally lift second quarter GDP growth expectations, ... We look for growth of between 2.5 percent and 3 percent, with inventories adding some 0.75 percent.
Ian Shepherdson
This report does not change the big picture, but it lifts the starting point for growth in both the first quarter and 2003 as a whole good news,
Ian Shepherdson
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Based on Topics: Potential QuotesA God without dominion, providence, and final causes, is nothing else but fate and nature.
Alexander Pope
Espionage, for the most part, involves finding a person who knows something or has something that you can induce them secretly to give to you. That almost always involves a betrayal of trust.
Aldrich Ames
The interest of my mother was more in the entertainment field. She loved to go to concerts and to the theatre.
Leon Askin