Currencies and the Global Capital Markets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Berliner who wrote (1906)	7/1/1999 2:12:00 PM
From: Henry Volquardsen	Read Replies (1) of 3536

I don't think the Fed is either stupid or crazy. The word that most easily springs to mind is devious. The switch to neutral has left the market in a bit of a quandry. We are getting an initial euphoria but there are already people who are pointing out that this by no means precludes the Fed from tightening at the next meeting. What this actually does is put a lot of uncertainty back into the market. You will now see a lot more volatility in the market as it has to focus more on each economic number to figure out what is next. There was 90% plus certainty on this last move. The Fed doesn't want that. In addition I believe the Fed is already starting to manage expectations in the professional market. I have strong suspicions on where the rumour I referenced this morning is coming from.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next