Paul Christopher Quotes

We see some early signs of improvement in manufacturing, but the contraction continues. Today's report should simply remind investors the economy is not out of danger yet. - Paul Christopher

This suggests the economy is due for a slowdown, much like the one we had in 1995. It's quite possible they'll (the Fed) move in December; if not in December, then in January. - Paul Christopher

This report underscores or emphasizes that the Fed would be quite well justified for easing policy as early as next week... I'm not saying to expect a cut in rates, but perhaps they'll start with a move to a neutral bias, with a rate cut the next logical step in January. - Paul Christopher

The numbers today raise the odds of a rate cut in January. It looks good for purposes of wondering about the Federal Reserve and what it will do next; it is a signal the Fed is likely to move sooner rather than later. - Paul Christopher

PPI was better than expected, certainly on the overall number, and confirms the Fed's recent statements that inflation remains a secondary concern behind the weakness in the economy. - Paul Christopher

Not only is the economy slowing but it is a reminder that inflation risks diminish as the economy slows. It emphasizes that the Fed would be quite well justified for easing policy as early as next week, a move to a neutral bias with a rate cut being the next logical step in January. - Paul Christopher

It's kind of like getting another sweater for Christmas. It's OK, but not what we really wanted to see. If you're really looking for immediate relief in interest rates, it may take another month or so. - Paul Christopher

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