It's premature to start talking about the Fed being done. There's still too much (consumer) demand out there before they can call it quits. |
That's taking $2 billion off the table. |
The expectations a few weeks ago were again for the Fed to raise rates at this meeting. Now that's a little bit more in question. |
The housing numbers were softer so we continue to grind higher here. |
The second quarter at this point looks like it's going to come in, perhaps, at 1.5 to 2 percent (real GDP growth), |
The second quarter at this point looks like it's going to come in, perhaps, at 1.5 to 2 percent (real GDP growth). |
Until we see better price action or the market shows signs of life, I expect people to sit on the sidelines. We're just not there. |
We are largely out of the woods with the June meeting. |
We're seeing money flowing into the Treasury market. It's just a general flight to quality. |