For all intents and purposes the Fed is going to move at a measured pace whether that word is in there or not. And now, the longer end of the yield curve should react more to Fed moves.
More Quotes from Richard Yamarone:
We are convinced that a large portion of the tax refunds that are scheduled to arrive in consumers' mailboxes in March and April will be dedicated to these exorbitant energy costs, ... With that, there'll be less money spent on other goods and services.Richard Yamarone
We caution investors one month of stellar job creation does not a trend make. And since the entire Street has diminished economic growth projections for 2005, we have to stick to our guns of slower, not stronger, job creation in coming months.
Richard Yamarone
Inflation is not a problem and generally isn't during periods of economic weakness, ... This is simply because producers cannot pass along increased prices.
Richard Yamarone
We gave back some ground because the data proved that the economic slowdown isn't necessarily a sure thing, ... If consumer confidence remains at near all-time highs, the economy will continue to expand.
Richard Yamarone
Every piece of economic data we have received over the last six weeks is showing signs of higher inflation that threatens to erode economic growth. The after-shocks of the hurricanes may be longer and deeper than many now believe.
Richard Yamarone
Higher prices are back, which bodes ill for those expecting a quick end to Fed rate hikes. It looks like inflation is going onward and upward in the first quarter.
Richard Yamarone
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