The management of communication here and the way things were said has, I think, undermined a little bit of Fed credibility for now.
More Quotes from John Ryding:
The underlying details of this report paint a stronger picture of the manufacturing sector, as evidenced by the robust growth rate of orders excluding transportation over the last three months.John Ryding
I think we've moved beyond the 'flight to quality' stage. People are really looking at the inflation fundamentals.
John Ryding
Energy prices do matter, especially to the public's perception of inflation.
John Ryding
We see the funds rate rising to 5 by the May 10 FOMC meeting and we see an increasing risk of a 5.25 fed fund rate by the middle of the year.
John Ryding
The December Institute for Supply Management report points to slower, though still solid, expansion in manufacturing conditions in the month. It also suggests that price pressures, while still elevated, are rising more slowly.
John Ryding
There's no doubt there's political pressure on the Fed to do nothing on September 20th. The Fed will allow economics to overrule the politics of the situation.
John Ryding
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