It's a very early indicator of a slowing economy. Historically when the Fed gets into a tightening cycle, they inevitably tighten a bit more than they should, and that slows the economy.

Alan De Rose

Related Quotes

The market is anticipating a slowing economy.

— Alan De Rose

We're in a global wine economy now. If you're out of grapes, you're out of grapes.

— George Rose

The market had gotten oversold.

— Alan De Rose

The whole refunding should go reasonably well. Yields are (about 20 basis points) higher than they were two weeks ago, so that's part of the (price) concession.

— Alan De Rose

The whole refunding should go reasonably well. Yields are still 15 to 17 basis points higher than they were two weeks ago, so that's part of the (price) concession.

— Alan De Rose