The markets have clearly responded to Greenspan's testimony. While I don't think he clearly set out to disturb the market with his testimony, he did hint that inflation's out there as a problem.... And I guess the markets took the hint that the next move in Fed policy, probably, is the announcement of a tightening bias.

Brian Fabbri

Related Quotes

There is no doubt that the street was expecting the worst and they were prepared for the worst. Once the numbers came out a rally ensued and it trickled over to the equity market... The domestic economy is just honey.

— Brian Fabbri

This is almost the best of all possible worlds, where labor is making money, and yet corporations have been able to offset that with productivity, and keep it themselves in terms of profits. It reminds everyone of the important contributions technology has been making to increased productivity in tight labor markets.

— Brian Fabbri

Business confidence is very low, and thus they're maintaining as cautious an approach as possible to their activity, whether that's hiring, building inventory or anything else.

— Brian Fabbri

This year, retailers probably hired a normal number of people. We'll wind up with a large seasonal factor boosting a normal number, and end up with a large gain in retail help.

— Brian Fabbri

The underlying tone is still weak.

— Brian Fabbri