The path of the unemployment rate is the key to the timing of the Fed's initial tightening move. In our view, the Fed won't tighten until August at the soonest. Bruce Steinberg
Motivational, Inspirational, Funny Quotes
![Oddly, the statement accompanying the [cut] was uniformly negative in its assessment of the economy, which would have been consistent with a bigger move. We assume [Fed policy makers were] divided and that the smaller move allowed a consensus to be formed. - Bruce Steinberg Quotes](/pic/img/img.php?text=T2RkbHksIHRoZSBzdGF0ZW1lbnQgYWNjb21wYW55aW5nIHRoZSBbY3V0XSB3YXMgdW5pZm9ybWx5IG5lZ2F0aXZlIGluIGl0cyBhc3Nlc3NtZW50IG9mIHRoZSBlY29ub215LCB3aGljaCB3b3VsZCBoYXZlIGJlZW4gY29uc2lzdGVudCB3aXRoIGEgYmlnZ2VyIG1vdmUuIFdlIGFzc3VtZSBbRmVkIHBvbGljeSBtYWtlcnMgd2VyZV0gZGl2aWRlZCBhbmQgdGhhdCB0aGUgc21hbGxlciBtb3ZlIGFsbG93ZWQgYSBjb25zZW5zdXMgdG8gYmUgZm9ybWVkLiA=&author=ICBCcnVjZSBTdGVpbmJlcmcgICAg&num=10 "Oddly, the statement accompanying the [cut] was uniformly negative in its assessment of the economy, which would have been consistent with a bigger move. We assume [Fed policy makers were] divided and that the smaller move allowed a consensus to be formed. - Bruce Steinberg Quotes")
![Consumer spending, which [has] kept the economy afloat, should decline in the third quarter and lead us into a formal, albeit shallow, recession. - Bruce Steinberg Quotes](/pic/img/img.php?text=Q29uc3VtZXIgc3BlbmRpbmcsIHdoaWNoIFtoYXNdIGtlcHQgdGhlIGVjb25vbXkgYWZsb2F0LCBzaG91bGQgZGVjbGluZSBpbiB0aGUgdGhpcmQgcXVhcnRlciBhbmQgbGVhZCB1cyBpbnRvIGEgZm9ybWFsLCBhbGJlaXQgc2hhbGxvdywgcmVjZXNzaW9uLiA=&author=ICBCcnVjZSBTdGVpbmJlcmcgICAg&num=8 "Consumer spending, which [has] kept the economy afloat, should decline in the third quarter and lead us into a formal, albeit shallow, recession. - Bruce Steinberg Quotes")
