The statement was that it markedly diminished the risks of inflation picking up. So, you know, a very positive statement from the Fed. But I think that, still, the risks are that the economic data could come in a little bit stronger than expected and force the Fed's hand one more time.
More Quotes from Michael Cloherty:
Yesterday, the Fed's effective funds rate, the average of the funds rate that exists throughout the day, was 1.25 percent, way below their new 3 percent target. Today, it's even softer than that, below 1 percent.Michael Cloherty
Tomorrow the employment report is going to take over. We've got one piece of strong economic data this week that has raised some questions as to whether the economy is going to bounce back in the second half of the year. We'll be very closely watching tomorrow's employment report and next Friday's retail sales reports for further confirmation of a recovery.
Michael Cloherty
There was a fairly significant premium in the market because of the war concerns. You lost some of that premium on the news last night and over time we've been recapturing some of that.
Michael Cloherty
The underlying news is suggesting some continued strength in the economy. There's nothing to suggest any change from the Fed. Rates are going higher.
Michael Cloherty
Greenspan is speaking tonight and it's a matter of some concern that he could surprise people.
Michael Cloherty
Readers Who Like This Quotation Also Like:
Based on Topics: Danger & Risk Quotes, Economics Quotes, Time QuotesI don't buy into you're on the slag heap when you're 40 or 50 or 60 or 70 or whatever.
Joan Collins
Since I've got on the Internet, it's opened a whole world of wasted time for me. My wife says she's an Internet widow.
Mick Ralphs
A sympathetic friend can be quite as dear as a brother.
Homer