They'll raise a quarter-point today and in December, but it would not surprise us if there was some sort of language change that they're near the end of rate hikes, ... It will be a headwind for the market until we get some sort of indication about being at a neutral rate.
More Quotes from Scott Wren:
The attention focuses on higher profile misses, and we had a couple early in the season. Since then we've had some good numbers.Scott Wren
Right now, anything that points to a slowdown in the economy and is less inflationary is good news, ... The market wants data that's modestly positive.
Scott Wren
Most companies want their stock to be appealing to a wide audience.
Scott Wren
There's not a lot to trade off. You're going to see just some back and forth trading.
Scott Wren
It's ugly out there, but I don't think its going to get much worse going forward.
Scott Wren
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