There's definitely that possibility, although one of the things the Fed wants to get away from is slavishly bowing to that lather, ... I'm still expecting a quarter point cut. There's a concern by some members of the Fed that they risk over stimulating the economy. And if you keep making half-point cuts, you'll run out of bullets pretty quickly.
More Quotes from David Orr:
We're getting a flip with these numbers, ... We had been seeing all year long the consumer doing well and the manufacturing sector doing poorly. Here, consumer confidence has fallen, but there's a hint of the manufacturing sector stabilizing.David Orr
For the past six months we've all been wondering when consumers would come back down to earth from their stratospheric orbit. It looks like it's finally happened.
David Orr
When we heal the earth, we heal ourselves.
David Orr
The data reflect that main concern that Mr. Greenspan has voiced in his recent comments, i.e., that with labor markets this tight, there is a real risk that compensation costs will accelerate faster than the ability of productivity gains to offset those costs, thus boosting unit labor costs and thereby generating price increases,
David Orr
Given that the Fed has indicated this is a key number, that's very hopeful,
David Orr
It seemed serious that he fired bullets into the trailer. One had gone clear through the other side.
David Orr
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