Ram Bhagavatula Quotes (6 Quotes)

The bond market is still focused heavily on the Fed commitment. The Fed is increasingly telling us that it's the performance of the economy rather than a point in time that dictates policy change. And the performance of the economy is here.

The slump in stock prices and bond yields points to weaker economy ahead. An easier monetary policy will help the economy stay on an even keel as consumers and businesses adjust to a weaker outlook ... We think the FOMC will see the wisdom of acting early.

It was all energy prices, so I wouldn't make too much of the soft rise in the core (rate),

It doesn't mean much. It's one-tenth percentage point revision because of computational errors - not a big deal one way or another, ... It doesn't change the underlying picture. Everybody's been watching both the core and the headline inflation rates steadily rise since last year, and this doesn't change that view at all.

Relative to what was the first estimate of GDP, this data was a little worse and that's going to make the third-quarter GDP a little worse, to around negative 1.2 percent,

We fear the Fed has pushed too far with its (monetary policy) accommodation and will have to hike in a hurry,