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,
More Quotes from Tony Crescenzi:
When there is a weak auction, it sometimes means investors will step aside and wait for deals in the secondary market,Tony Crescenzi
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,
Tony Crescenzi
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.
Tony Crescenzi
In the aftermath of a string of bad inflation news, the Fed now appears to have ample ammunition to justify their strategy shift.
Tony Crescenzi
Greenspan opened the door to 50-basis-point rate hikes,
Tony Crescenzi
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.
Tony Crescenzi
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