We are probably in the process of revising our first-quarter GDP estimate up again after we moved it up last week to 4.7 percent, |
We are probably in the process of revising our first-quarter GDP estimate up again after we moved it up last week to 4.7 percent. |
We're approaching oversold conditions, but then we've been getting data that has been coming in strong and which in one way justifies this. |
What they are doing is sending a signal they are no closer to the end of the tightening cycle than they were at the January meeting. We have little doubt that the new Fed is concerned about inflation and, probably more importantly, inflation expectations. |
Whether that's bad news for the upcoming auctions depends on whether you take a cup-half-empty or cup-half-full perspective. |