54 ordspråk av Chris Rupkey
Chris Rupkey
The jobless claims number went up quite a bit, but the idea here is that because it stayed below 300,000 there's a good chance that the U.S. unemployment rate continues to fall.
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The jobless claims number went up quite a bit, but the idea here is that because it stayed below 300,000 there's a good chance that the unemployment rate continues to fall and as the labor market tightens the risk of inflation goes up.
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The key is the stock market reaction.
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The market is on guard after Broaddus reminded us that the day of reckoning when the Fed raises rates is drawing nearer and the rebound in global stock markets is adding fuel to the fire,
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The market is on guard after Broaddus reminded us that the day of reckoning when the Fed raises rates is drawing nearer and the rebound in global stock markets is adding fuel to the fire.
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The markets were prepared for Greenspan to end his final meeting with the funds rate at neutral. What they got instead is the statement that rate hikes still 'may be needed.' This was not music to the market's ears.
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The red ink was a one-month record in February, and the records are likely to continue to be broken this year. The spending side of the budget ledger remains out of control, despite some effort to constrain these expenditures.
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The selling abated, prices stabilized and people decided the path of least resistance is up.
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There is considerable momentum here that will not be easily slowed. This economy is strong, and it is likely to surprise on the upside.
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There is nothing at this point to suggest that Fed officials will pause.
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There was very strong demand -- off the charts -- from the indirect bid -- about 65 percent, bigger than the 55.6 percent at the 10-year note auction in November 2005.
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They shopped and now they dropped,
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They shopped and now they dropped.
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They're not on the sidelines yet. The inflation pressures are immense at this stage of the business cycle.
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This budget number is way out there; it was quite a shock.
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