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Tony Crescenzi Quotes

«The market was looking for $37 billion. This continues the Treasury's effort to reduce the level of issuance.»
«The refunding results show that the market's assessment of underlying (economic) fundamentals is that they are still bearish. Therefore, the market's overall downward trend is intact.»
«The distinction (of the phone survey) is important. Because it suggests that the ABC/ Money poll is more current and may have captured more of the impact of the recent stock market decline than did the Conference Board's.»
«Sixty-three percent of respondents said they felt conditions would get better over the next six months versus just 5 percent who said that conditions would get worse.»
«Today's speech...is notable more for Greenspan's change in delivery than change in material.»
«The CPI is correct in measuring consumer prices. But it's not correct in measuring the cost of living.»
«Parry's comments hint that the Fed still views the neutral level of the federal-funds rate to be approximately two percentage points above the inflation rate.»
«Where was the Treasury when the rest of America was refinancing its debt?»
«If interest rates can rise in Japan, where they have been suppressed by global disinflation for more than a decade, they can rise anywhere.»
«Important is the Fed's new predilection that links future rate actions to incoming data. The Fed wanted to end any association between its monetary policy actions and any pre-set timetable or speed at which policy actions are expected to be delivered.»

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