The latest economic releases are just another sign that the economy is quite sick. I am quite confident the Fed will react aggressively. Oscar Gonzalez More Oscar Gonzalez Quotes 0
The report isn't so tame as to deter the Fed from bumping rates another notch, especially with Y2K fears dissipating and consumers showing no signs of fatigue. However, it should ease market fears that the Fed will need to tighten several more times. Oscar Gonzalez More Oscar Gonzalez Quotes 0
Foreboding. That's the only word for today's report. We could be facing our worst case scenario: rising inflation in a slowing economy. Oscar Gonzalez More Oscar Gonzalez Quotes 0
Even though the numbers are soothing, the Fed still is on high alert for a future flare-up in prices. Oscar Gonzalez More Oscar Gonzalez Quotes 0
I think the Fed will act aggressively. The timing remains to be seen, but both Main Street and Wall Street are pleading for further rate cuts, so I think Greenspan will respond. The sooner and deeper a rate cut, the sooner consumer and business confidence should improve. Oscar Gonzalez More Oscar Gonzalez Quotes 0
[The numbers reflect] a little bit of the unwinding of consumer spending, ... It's not all of that was unexpected, given the (weak) figures we had on retail sales. Oscar Gonzalez More Oscar Gonzalez Quotes 0
Strong but moderating retail sales and improving productivity suggest an economy that should continue to grow while avoiding overheating, ... The reports would seem to make it less likely that the Fed will need to move again this year. Oscar Gonzalez More Oscar Gonzalez Quotes 0