In light of today's 500 billion wealth loss in the stock market, it is rational to begin thinking about an endgame to the Fed's rate hike phase, ... At the very least, recent developments tell us that the Fed's actions have finally reached a critical breaking point that limits the scope for significant rate hikes going forward.
More Quotes from Tony Crescenzi:
The new rumor now since the meeting, since they did not act, is that the Fed could conduct an inter-meeting rate change, ... This is something they haven't done since April 1994, but people feel if the payroll report is strong and it's accompanied by a high wage gain, the Fed might move as early as tomorrow.Tony Crescenzi
The supply of bonds won't have a large bearing on the yield levels or the structure of the yield curve, ... The influence on interest rates will come more fundamental factors such as inflation expectations, competition for capital and monetary policy.
Tony Crescenzi
Too often the administration is looking to go it alone, ... It acts in an isolationist way that is harmful to growth. I'm really loyal to the Republican party, but I don't like this attitude at all.
Tony Crescenzi
The Fed is hanging onto its long-term view. Some will say this is just excessive optimism.
Tony Crescenzi
When there is a weak auction, it sometimes means investors will step aside and wait for deals in the secondary market,
Tony Crescenzi
The Bank of Japan's feeble 10 basis-point rate cut to 0.15 percent shows the head-in-sand attitude that has led to weak money supply growth and a slow economy.
Tony Crescenzi
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