We do not think the chairman will break new ground. |
What I think this means is that the Fed waited maybe for the stock market to go up a little and then cut rates and effectively reinforced the price action. Therefore it set a bottom on stocks, but it's definitely a very good move I think for the Fed. |
While consumers are forking over a lot of money on gasoline, they continue to spend elsewhere, ... This tells us that job and income prospects are better than what is commonly understood. |
While consumers are forking over a lot of money on gasoline, they continue to spend elsewhere. This tells us that job and income prospects are better than what is commonly understood. |