“The core consumer price index (CPI) has risen by 3.3 percent annualized over the past three months, ... We'd all better hope that some of this is 'transitory.'”
“All in all, this is significantly more hawkish than I suspect market participants were anticipating, ... Bond market players have been throwing around theories about a second half slowdown, with the June data creating a huge stir, but the Fed has almost not given that idea a second thought.”
“Once we get a few strong payroll gains, the tightening cycle will commence. That could be three months away or another year away. No one, including Greenspan, knows the timeframe; but make no mistake, tightening is coming sooner or later.”
“While concerns about the impact of rising interest rates will be a frequent theme of discussion in the press and financial markets, homebuilders and realtors are confident that favorable demographics and an improved economy/job market should help, at least for a while, to compensate for the dampening effect of the upturn in borrowing costs on housing demand.”
“All in all, this is significantly more hawkish than I suspect market participants were anticipating. Bond market players have been throwing around theories about a second half slowdown, with the June data creating a huge stir, but the Fed has almost not given that idea a second thought.”
“It made my decision a lot easier to come back knowing that guys I knew and really enjoyed being with were going to be here. That's always an exciting thing as a player, really enjoying guys you've played with in the past.”
