Greenspan opened the door to 50-basis-point rate hikes,
More Quotes from Tony Crescenzi:
Wall Street would generally rather see Republicans in control of the Senate,Tony Crescenzi
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.
Tony Crescenzi
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.
Tony Crescenzi
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,
Tony Crescenzi
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.
Tony Crescenzi
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.
Tony Crescenzi
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