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Joshua Shapiro Quotes

«If you get a big number next week, people will say great, the labor market is finally recovering, this is the last piece in the economic recovery, ... But they'll also say, well maybe now the Federal Reserve will raise interest rates sooner.»
«The Fed is not going to raise rates right away, even if the March numbers are really strong. They are going to wait until they get several months of very strong numbers, and for people to start really feeling that the labor market is improving before they raise rates.»
«They are being as clear as they possibly can be about raising rates in December without knowing what the data will be in the next month,»
«It was 25 basis points, everyone knew that, and so there's virtually no stock market reaction,»
«It was a good solid number, maybe not as high as some people were hoping, and not as bad as bonds had feared,»
«It's really suggesting the best of both worlds for the stock market. What's not to like?»
«Everyone was so focused on the word 'measured' that they didn't expect them to update the rest of the language to be more aggressive, so that took people by surprise a little bit,»
«I think they are trying to say that they can still do their tightening 25 basis points at a time, but they still have a long way to go in raising rates. Essentially, the message is, 'if you think we're nearly done, think again'.»
«People were expecting the worst and I think the reaction you saw is that it wasn't as Draconian as many had feared. There wasn't any real hard table pounding or anything in the minutes that pointed to a 50-basic point hike at the next meeting.»
«The Fed tipped its hat to the fact that growth has slowed a bit, and blamed it on energy prices,»

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