There's a perception that the economy is actually doing quite well, in particular the labor market. It's a fairly straightforward assumption the Fed would want to hike rates in March and perhaps in May. You might see bond yields go higher.
More Quotes from Rory Robertson:
Unemployment at 6 percent means the Fed has just lost six full years of progress towards lower unemployment in just six quarters. With its preferred measure of core inflation at the lowest level since the 1960s, the Fed probably requires a run of monthly payroll gains of 150,000 to 200,000 before it will feel any real need to tighten.Rory Robertson
The thing driving service prices is wage growth, and after two years of sub-par economic growth, we've got wages decelerating. If the Fed doesn't get the economy growing at an above-trend pace in the next couple of years, deflation will arise.
Rory Robertson
It's too early to say with great confidence that things are definitely getting worse, but if we get another month or two of payrolls declines, there won't be any shortage of people saying a double dip has started.
Rory Robertson
The markets were a little disappointed that the Fed didn't give any explicit hint that a pause is around the corner.
Rory Robertson
I am skeptical that this time will be different.
Rory Robertson
While Fed policy-makers have suggested a need to see weak post -war data before being convinced of any need to cut ... it is entirely possible that the recent pre -war data have been sufficiently shocking ... to make a majority of them keen to move before the next meeting.
Rory Robertson
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Based on Topics: Labor Quotes, Sense & Perception QuotesIf pessimism is despair, optimism is cowardice and stupidity. Is there any need to choose between them?
Francis Parker Yockey
Faithless is he that says farewell when the road darkens.
J. R. R. Tolkien
I have never regarded politics as the arena of morals. It is the arena of interest.
Aneurin Bevan