It looks like he has done it again, just when the market thought he had made potential policy error.
More Quotes from Tony Crescenzi:
The pending home sales data feed right into the hands of those who expect the Fed to end its interest-rate hikes.Tony Crescenzi
With increasing vigor, the lagged effects of the Fed's interest rate cuts should begin to appear before the end of the summer,
Tony Crescenzi
While the results of the September jobs report are impressive and seem to suggest that the underlying strength in labor demand has been unaffected by recent events, the strength could well reflect the lagged effects of past strength in the economy and the data therefore provide much less guidance about the future than might seem obvious.
Tony Crescenzi
It suggests the trend has changed, because each week's estimate is based on the trends. This is clearly an important change, when taken with other news, particularly monthly payroll statistics. It suggests more good news is on the way.
Tony Crescenzi
Policy makers want to make sure in the language of their statement that whatever they do, it's meant as insurance -- they don't want to create alarm about the state of the economy, but they also don't want to create alarm in the bond market about the end of accommodative policy,
Tony Crescenzi
The news coverage on today's jobs data will likely be immense, and this will in a sense pummel the consumer with bad news.
Tony Crescenzi
Readers Who Like This Quotation Also Like:
Based on Topics: Error & Mistake QuotesThere's no such thing as lack of confidence. You either have it or you don't.
Rob Andrew
When you say a situation or a person is hopeless, you are slamming the door in the face of God.
Charles L. Allen
I love working in the theater.
Didi Conn