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Joel Naroff Quotes

The new Fed chair will be tested right off the bat. The economy is slowing, though clearly not as rapidly as the headline number would have you think. ...At the same time, inflation is slowly accelerating. - Joel Naroff

Tags

Chair | Tested | Economy | Slowing | Rapidly |

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If they cut by 50 basis points, we may also see some movement down in the rest of the yield curve... If they cut by 25 basis points, I don't think it shows up in the rest of the curve. - Joel Naroff

The tone of the statement, which I read as being surprisingly upbeat, considering everything we've heard, seemed to indicate that the whole idea that they might buy [longer-term bonds] is off the table... Unless we have real signs the economy is faltering, we may have already seen the bottom in mid-to-long-term rates. - Joel Naroff

It doesn't indicate that households are going to dramatically start cutting back spending, but this does tells us that consumption, at least in this quarter, isn't going to be that great. - Joel Naroff

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