Tony Crescenzi Quotes (44 Quotes)

While Greenspan did not hint that such would be delivered at the June 29-30 Fed policy meeting, he chose language that could well be inserted into the policy statement for that meeting, paving the way for a half-point hike at the August 10 or subsequent meetings.

The 'new era' economy, wherein strong growth and low inflation have coincided remarkably for several years, appears to be under duress in ways not seen in some time,

The Fed has been very, very clear, and that's going to keep the market under pressure.

The pending home sales data feed right into the hands of those who expect the Fed to end its interest-rate hikes.

Buffett has made timely purchases of STRIPS in the past, so people pay attention.

The Fed has put the market's attention more intensely on the jobs situation again.

Even Clint Eastwood could not have written a better script that would pit the bulls and the bears against each other over the meaning of today's payroll report, ... The winner, however, may not be known for a while longer since the data is sufficiently murky.

It looks like he has done it again, just when the market thought he had made potential policy error.

It suggests the trend has changed, because each week's estimate is based on the trends. This is clearly an important change, when taken with other news, particularly monthly payroll statistics. It suggests more good news is on the way.

Since 300 billion in yen trade each day in the markets, the G-7 is really no match for the market's firepower, ... In the end, fundamentals will dictate trading.

With the Fed's statement, Chairman Alan Greenspan's famed gradualism is surfacing again, as the chairman appears to be signaling a slow pace of interest rate hikes in the future,

Policy makers want to make sure in the language of their statement that whatever they do, it's meant as insurance -- they don't want to create alarm about the state of the economy, but they also don't want to create alarm in the bond market about the end of accommodative policy,

When there is a weak auction, it sometimes means investors will step aside and wait for deals in the secondary market,

The supply of bonds won't have a large bearing on the yield levels or the structure of the yield curve, ... The influence on interest rates will come more fundamental factors such as inflation expectations, competition for capital and monetary policy.

Wall Street would generally rather see Republicans in control of the Senate,

The rhetoric over the fiscal stimulus package heated up this weekend, reducing the likelihood of passage, ... In what may become a famous remark, President Bush said that Congress would 'raise taxes over my dead body.'

While the results of the September jobs report are impressive and seem to suggest that the underlying strength in labor demand has been unaffected by recent events, the strength could well reflect the lagged effects of past strength in the economy and the data therefore provide much less guidance about the future than might seem obvious.

The Fed certainly recognizes the importance that the markets are placing on the housing market and could well use it as a means of sending strong signals.

The bond market remains quite bearish. The economic news did not change anyone's mind about the Fed raising rates,

Where was the Treasury when the rest of America was refinancing its debt

There seem to be all the elements of a good auction -- the bid-to-cover ratio was solid, the yield was as expected and yields are not rising.

Greenspan's confidence in the predictive value of gold (as an inflation indicator) might be high enough that, when combined with other critical predictors . . . could push Greenspan to either hawkish words or action,

There is a revival in global growth now underway that is lifting the U.S. manufacturing sector and hence, commodity prices and wages.

Greenspan opened the door to 50-basis-point rate hikes,

In the aftermath of a string of bad inflation news, the Fed now appears to have ample ammunition to justify their strategy shift.

The new rumor now since the meeting, since they did not act, is that the Fed could conduct an inter-meeting rate change, ... This is something they haven't done since April 1994, but people feel if the payroll report is strong and it's accompanied by a high wage gain, the Fed might move as early as tomorrow.

The buck has yet to stop at Summers as too many officials have abandoned the former 'one-voice' policy and thrown in their harmful two-cents, ... Summers must assert a 'one-voice' policy to stop the dollar from falling further.

It is conceivable, for example, that the current weakness in stock prices may already reflect the weak earnings news that will be released over the next several weeks and the stock market might unwind some of its excess pessimism,

The Fed's beige book contains a little something for both the bull and bear camps but has a marginally negative tone to it,

Too often the administration is looking to go it alone, ... It acts in an isolationist way that is harmful to growth. I'm really loyal to the Republican party, but I don't like this attitude at all.

Parry's comments hint that the Fed still views the neutral level of the federal-funds rate to be approximately two percentage points above the inflation rate.

Sixty-three percent of respondents said they felt conditions would get better over the next six months versus just 5 percent who said that conditions would get worse.

Greenspan usually refrains from saying anything market moving ahead of speeches before Congress,

The minutes appear to show a smaller degree of concern about inflation risks than some may have feared,

The news coverage on today's jobs data will likely be immense, and this will in a sense pummel the consumer with bad news.

It's a little surprising because I thought there'd be a little more concern over weakness in dollaryen.

Now the game has changed and there's a greater risk of capital loss. Banks won't take as many chances now.

The Fed is hanging onto its long-term view. Some will say this is just excessive optimism.

With increasing vigor, the lagged effects of the Fed's interest rate cuts should begin to appear before the end of the summer,

Treasury yields look headed to 5 percent by the May 10 (Federal Open Market Committee) meeting and possibly 5.25 percent by the June 29th.

His testimony is apt to be consistent with the notion that the Fed is still in a tightening mode and inflation is rearing its head,

The Bank of Japan's feeble 10 basis-point rate cut to 0.15 percent shows the head-in-sand attitude that has led to weak money supply growth and a slow economy.

In light of today's 500 billion wealth loss in the stock market, it is rational to begin thinking about an endgame to the Fed's rate hike phase, ... At the very least, recent developments tell us that the Fed's actions have finally reached a critical breaking point that limits the scope for significant rate hikes going forward.

The jump in confidence is almost certainly due to improved perceptions about the war with Iraq as well as reduced anxieties over the outcome, ... high frequency indicators.