The market is concerned about not if, but how much over the course of the year the Fed will move. There's been a lot of discussion about more than one rate increase, which is what's concerning the markets.
More Quotes from Michael Gregory:
Do they really want to end the party Of course not, ... They want to tone the party down before something gets broken or damaged, or worse, before someone gets hurt. It's similar to a marathon if you pace yourself properly you can get to the end without overexertion. That is what the Fed is trying to do here.Michael Gregory
It's only a matter of time though before the consumer succumbs to weakening housing and higher gas prices, and I think we'll see that by the third quarter.
Michael Gregory
Our last two fires had smoke detectors, but no batteries, ... We're praying to get the word out (about smoke alarms).
Michael Gregory
But against the backdrop of improvements in commodity prices, the fact the Canadian dollar has been rallying and the long end of the market had already priced it in, they thought, 'Listen, our rates should be below U.S. rates. Our inflation is lower and we're well behind in the economic cycle.'
Michael Gregory
I'd thought they wouldn't want to sort of venture there again, given that all is not perfect on the commodity price front,
Michael Gregory
Inflation is not a problem right now that is not really what the Fed is paying attention to.
Michael Gregory
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