I think that if the Fed goes back to normal language about 'measured pace' (of rate hikes), it becomes a secondary story, ... It is only becoming a big story because of the uncertainty about what they were going to do. The equity markets will be looking for language here again. If it talks too harshly about inflationary pressures, it could be unfriendly for stocks.
More Quotes from Anthony Chan:
If they were looking purely at the fundamentals, this number would not justify an immediate tightening. But if they were certainly looking for a political excuse to raise rates, these numbers certainly give them that right and, in fact, that license to do so.Anthony Chan
Futures are down this morning, feeling the pressure of Texas Instruments' weak forecast. Now it is clear that growth is certainly going to slow. The question is, by how much
Anthony Chan
It's probably going to subtract 0.8 percent from gross domestic product growth this year.
Anthony Chan
We've seen a sea change in the way the financial markets and economy watchers are looking at the world, ... For many months, people thought the economy was so strong and robust, they could ignore these head winds.
Anthony Chan
This is very good news. Workers may end up getting the purchasing power they've been lacking so far. While overall prices are still rising, we have good reason to believe energy prices will be going down.
Anthony Chan
Given the strong fervor for doing something quickly to help the economy, given that Fed Chairman Alan Greenspan has said repeatedly that monetary policy is more effective at helping the economy in the short run than fiscal policy, Greenspan will push aggressively for a half-percentage-point cut.
Anthony Chan
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