It has more to do with the fact that there could be a delayed vote because of possible military action,
More Quotes from Kevin Flanagan:
If there are any leanings one way or another, one is towards tightening. Another quarter-point hike can't be ruled out. This represents an opportune time for the Fed to tighten,Kevin Flanagan
(The Wyskivers) have been very unresponsive to the consumers and we just don't want (them) taking any more business that (they) can be unresponsive to.
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Even with the Fed raising rates four times up to that point, the statistic revealed no significant pullback. The economy remains stubbornly resistant.
Kevin Flanagan
The market had gotten itself into a position where the thought process was the economy was cooling off a bit and the Fed was close to being done raising interest rates. These numbers threw a wrench into the works.
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There doesn't appear to be the same degree of necessity to move into safe and liquid investments such as you were seeing last week.
Kevin Flanagan
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