It provides more ammunition for the doves arguing for more moderation, and takes leverage away from the hawks arguing for (a bigger, half-percentage point) hike.
More Quotes from Anthony Chan:
These numbers are suggesting that a future Federal Reserve tightening will be coming to a theater near you quite soon.Anthony Chan
Wages have stagnated over the past couple of years employers have no incentive to change wages. Eventually we will see incentive packages moving more closely in line with growth in the economy, but it's not going to happen soon.
Anthony Chan
The best way to describe this report is 'holy cow,' ... This is a great report. We have Alan Greenspan a little bit worried about inflation and certainly the financial markets will realize that those worries certainly continue to prove to be unfounded.
Anthony Chan
It reflects some loss of momentum from January. Activity in January was a bit too euphoric given the underlying economic fundamentals. This month is more realistic.
Anthony Chan
This will be a positive contribution to consumer confidence. It's too early to jump up and say things are completely turned around, but for the moment, it buys us more time.
Anthony Chan
My suspicion is that they are really leaving the door open, at least a crack, to an inter-meeting move.
Anthony Chan
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