There is no signal that the Fed is nearing the end (of its tightening cycle), and that's been the one consistent thing.
More Quotes from Stephen Stanley:
The labor market appears solid heading into 2006, which could have bolstered the confidence reading in January.Stephen Stanley
If it didn't happen in the first quarter, it's going to have to happen at some point. If consumer spending or investment spending was a lot weaker than expected, it'd be a lot more troublesome.
Stephen Stanley
The crux of the statement was unchanged (from the last meeting). They said that policy remains accommodative, but that the central bank will respond to changes as needed. That's been the mantra since the tightening period began last June.
Stephen Stanley
But certainly the market should be focused on the core number, since that's what the Fed looks at. We're looking for an 0.2 percent increase, which wouldn't cause a big reaction in the market.
Stephen Stanley
The employment number will be the key for the stock market next week.
Stephen Stanley
The big picture for the consumer still looks good.
Stephen Stanley
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