Although the Fed likely will remain on hold next Tuesday, the ongoing strength of the U. S. economy, which today's data corroborate, may force it into action at a later date.
More Quotes from Jay Bryson:
Most people expect that the Fed will hike short-term rates more than the 10-year (yield) will go up this year.Jay Bryson
The lower cost of Chinese goods means we can spend more on other goods and services.
Jay Bryson
An upward surprise in the (producer price index and consumer price index) would be bad for stocks ... but if you get benign readings (this) week, that gives the Fed the ability to be able to pause if necessary.
Jay Bryson
It shows the labor market is continuing to stabilize.
Jay Bryson
Imports are about twice as large as exports, so just to stabilize the deficit, exports have to grow twice as fast. That's a pretty tall order. Then you throw oil on top of it.
Jay Bryson
A 30 percent appreciation of the yuan over the next year could be a destabilizing blow to their economy. That could lead to political upheaval. I don't know if at the end of the day you want that. And whether it's Wal-Mart or old line U. S. manufacturers or Silicon Valley, there are a lot of U. S. businesses that depend on low-priced Chinese inputs.
Jay Bryson
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