The Fed has been on 'autopilot' with its monetary tightening so that even bouts of weaker data, such as we saw after hurricane Katrina, failed to divert the Fed off course. But now, following the minutes of the December meeting, it is clear that policy will become more data dependent.
More Quotes from Steve Barrow:
Fed speakers are saying they are going to be vigilant on inflation and if the data suggests they haven't done enough, they will do more. It's a short-term buying opportunity for the dollar.Steve Barrow
Will the market push on for 1.05 this year and 1.10 by this time next year We definitely believe that it will be the latter,
Steve Barrow
There are other countries at the G20 that are aggrieved at the weakness of their currency against the dollar - Australia for one.
Steve Barrow
A combination of a Bush victory, Republican majority in the House and Senate, together with benign neglect of the dollar could send eurodollar down into the 70-cent to 75-cent range.
Steve Barrow
The euro will strengthen against the dollar and should hit parity some time in the summer, ... The euro zone is experiencing robust growth, but globally the markets seem to like the dollar at the moment.
Steve Barrow
With the FOMC meeting tomorrow the market is hardly going to care too much for the U.S. data today.
Steve Barrow
Readers Who Like This Quotation Also Like:
Based on Keywords: autopilot, boutsI've seen neighborhoods that I would have never driven though because I'm riding my bike, because I'm looking for side roads, looking for maybe more hills or less hills depending if I'm exercising or not. You see a lot more, and you get the flow of a city a lot more.
Stone Gossard
Computers make it easier to do a lot of things, but most of the things they make it easier to do don't need to be done.
Andy Rooney
To some degree. I know I couldn't do it anymore.
Chuck Daly