The general feeling is that the Fed can afford to bide their time on Oct. 5.
More Quotes from Rob Palombi:
What the Fed may do right now is prepare the market for a switch to a tightening policy from a neutral policy, and that may happen as soon as this month. There's always been the expectation that the economy would slow and ease labor market conditions, but that doesn't seem to be happening.Rob Palombi
Consumers continue to spend their earnings from the stock market and other investments. Even with the correction we've seen recently, the average investor is still significantly ahead of where they were two years ago and is still willing to spend a little of those earnings.
Rob Palombi
It's always been a contentious issue, though both the Ministry of Finance and the Bank of Canada, for the record, have said they're against a common currency. I think over a very long time you'll see an amalgamation of currencies, but that's a very long way away.
Rob Palombi
Greenspan's objective is to keep the U.S. economy expanding for as long a stretch as possible. That's why he's being so prudent in his speeches and that's why he'll adjust monetary policy to allow for that.
Rob Palombi
The underlying trend is one of strong consumption growth and strong spending -- not something the Fed is going to consider particularly positive. The Fed's series of interest rate increases have not yet been enough to significantly deter the consumer from spending.
Rob Palombi
It was a very surprising number and very harmful for the bond market, given a number of Fed officials have been warning about rising inflation. We could be at the beginning of a gradual increase in CPI, which may lead to some insurance in the form of a rate hike by the Fed.
Rob Palombi
Readers Who Like This Quotation Also Like:
Based on Topics: Emotions QuotesBased on Keywords: bide
Let me go to Clinton's new proposal: to have uniforms in public schools. And people are doing that. How come they're doing that? Dress codes! I find that abhorrent.
Russell Means
I give with reason.
Thomas North
I may like the Blizzard best, of all the songs I have written.
Judy Collins