He is warning the markets that the Federal Open Market Committee will very likely continue to raise short-term interest rates, given the continued growth in the economy.
More Quotes from Preston Martin:
It's Christmas in May for traders. This was the wrong decision, and we're all going to pay the price for it.Preston Martin
I think that this is an excellent sign to financial markets everywhere that the Fed will do whatever it takes to sustain this inflationary economic growth.
Preston Martin
Readers Who Like This Quotation Also Like:
Like Yoga, the spiritual life is actually very difficult.Sting
We are often deterred from crime by the disgrace of others.
Horace
It is necessary to develop a strategy that utilizes all the physical conditions and elements that are directly at hand. The best strategy relies upon an unlimited set of responses.
Morihei Ueshiba