(Tuesday) won't be the last. This is not the sort of cheap and easy (money) period of the past several years. |
A 25 basis point (quarter percentage point) hike next week is factored into the market, what this does is add to the odds that they'll do another 25 in September, November and December, |
An unemployment rate below 5 percent is a sign that the job market is getting tight. These kinds of job and wage numbers will keep consumers spending right into spring. |
At the same time, many retailers and the automakers have had good June numbers, despite the rise in oil prices (over the last month), ... Overall, there's some relief right now that the economy is indeed strong, but not overheating. |
At the same time, many retailers and the automakers have had good June numbers, despite the rise in oil prices (over the last month). Overall, there's some relief right now that the economy is indeed strong, but not overheating. |
Clearly the Fed's main eye is on inflation, ... They are more worried about inflation because they view the setback to economic growth as temporary. |
Clearly the Fed's main eye is on inflation. They are more worried about inflation because they view the setback to economic growth as temporary. |
Growth is stronger, but inflation is less, so it's still that great combination of strong economic growth with even less inflation than expected that's helping bonds. |
He agrees that another ... rate hike at the March 28 (meeting) will be needed. |
He's saying the economy is healthy. Inflation is OK for now, but it could become a problem, so we're not done raising rates yet. |
Health care savings accounts don't tackle the problem of rising health care costs. This is not an attempt to rein in the cost of health care. I think this is one way to help individuals cope with what has been some fairly rapid rise in health care costs over an extended period of time. |
His statements have set up a pause at the June meeting after they move in May. That doesn't mean we are done. He's leaving the door open to resume hikes at subsequent meetings. |
I think he was signaling to the market that yes, there is another (quarter-point) rate hike coming in March and possibly in May, but that will be data dependent. He essentially confirmed what the market has already been pricing in, in terms of rate hikes. |
I think the Fed will look at the core number and determine that it was understated, and still raise rates by a quarter-percentage point at the meeting on November 1. |
I think the Fed will move a quarter of a point at the end of June, then they may pause. I don't think they're going to stop. I don't think the ball game is over. I think if we are in the late innings and it's still a tie between the risks of higher inflation and slower growth, as Dick Fisher did say, this could go into extra innings. |