78 Quotes by Tony Crescenzi
- Author Tony Crescenzi
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A quarter point move is already built in to the market. It wouldn't have any impact.
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The buck has yet to stop at Summers as too many officials have abandoned the former 'one-voice' policy and thrown in their harmful two-cents, ... Summers must assert a 'one-voice' policy to stop the dollar from falling further.
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They are continuing to reinforce the point that regardless, with the stock markets down, they are going to continue to raise rates,
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This just is a reflection of the current environment with oil prices rising, security concerns. All of these factors are pushing players to buy bonds over stocks.
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There seem to be all the elements of a good auction -- the bid-to-cover ratio was solid, the yield was as expected and yields are not rising.
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It's a little surprising because I thought there'd be a little more concern over weakness in dollar/yen.
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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.
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It looks like he has done it again, just when the market thought he had made potential policy error.
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The news coverage on today's jobs data will likely be immense, and this will in a sense pummel the consumer with bad news.
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