He's arguing that the limit may be starting to be reached as foreign investors avoid an over concentration of their portfolios' in dollars, but that the impact would likely not be traumatic.
More Quotes from Lynn Reaser:
All the components are above the break-even point of 50. There is also relief in the prices paid component from lower energy costs along with easing in delivery time.Lynn Reaser
These numbers really indicate some pockets of weakness. It suggests manufacturers are having a difficult time in some sectors and it does suggest some areas of slowing within the economy.
Lynn Reaser
However, economists hope this is only a one-month spike. Productivity gains are still good and workers are not receiving large pay increases, ... Labor costs are still contained.
Lynn Reaser
This is very good evidence that the interest rate hikes are working,
Lynn Reaser
The news makes people nervous about corporate management.
Lynn Reaser
We expect the 12th consecutive increase in the target fed funds rate and really no change in the tactics deployed in recent meetings.
Lynn Reaser
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