FastSaying
Greenspan usually refrains from saying anything market moving ahead of speeches before Congress,
Tony Crescenzi
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The question is -- and this is why the market hasn't reacted too negatively to the durable goods report -- is whether businesses ... will continue to spend given the risks to consumer spending posed by high energy prices.
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If the Fed is to achieve its objective of slowing the economy, they must consider the risk that their inaction on rates could spur growth before the economy has had a chance to truly slow,
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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.
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