The Fed certainly recognizes the importance that the markets are placing on the housing market and could well use it as a means of sending strong signals.
More Quotes from Tony Crescenzi:
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.Tony Crescenzi
Greenspan usually refrains from saying anything market moving ahead of speeches before Congress,
Tony Crescenzi
Greenspan's confidence in the predictive value of gold (as an inflation indicator) might be high enough that, when combined with other critical predictors . . . could push Greenspan to either hawkish words or action,
Tony Crescenzi
The bond market remains quite bearish. The economic news did not change anyone's mind about the Fed raising rates,
Tony Crescenzi
The Fed is hanging onto its long-term view. Some will say this is just excessive optimism.
Tony Crescenzi
It looks like he has done it again, just when the market thought he had made potential policy error.
Tony Crescenzi
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