FastSaying
The Fed is still looking at inflation. Katrina is certainly going to have some negative impact on the economy but longer-term Katrina will be a positive as we rebuild the Gulf area.
Brian Stine
Miscellaneous
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One of the main drivers right now for the market is this worry about interest rates.
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The jobs numbers are going to be meaningless for the next few months. You'll have Katrina as a big asterisk. So the Fed will be flying blind a little bit.
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The jobs numbers are going to be meaningless for the next few months. You'll have Katrina as a big asterisk, ... So the Fed will be flying blind a little bit.
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They can leave out the sentence about accommodation and say that future actions will be based on incoming data.
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The Fed is in a difficult position given the hurricane. The Fed is kind of flying blind.
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