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.
More Quotes from Tony Crescenzi:
There is a revival in global growth now underway that is lifting the U.S. manufacturing sector and hence, commodity prices and wages.Tony Crescenzi
The Fed has put the market's attention more intensely on the jobs situation again.
Tony Crescenzi
With increasing vigor, the lagged effects of the Fed's interest rate cuts should begin to appear before the end of the summer,
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
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.
Tony Crescenzi
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,
Tony Crescenzi
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