Michael Woolfolk Quotes

We see that elevated oil prices and a continued Asian central bank intervention ensures that foreign demand for U.S. treasuries remains strong during January.

- Michael Woolfolk

Tags

Elevated | Prices | Continued | Asian | Central |

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The current account deficit has grown to a point where it arguably cannot be corrected by US action alone. - Michael Woolfolk

February's data support the view that the U.S. labor market remains strong, particularly on the services side, with unemployment solidly below the 5% level. The Fed is likely to continue raising rates for the foreseeable future. - Michael Woolfolk

The weekend 'No' vote was deemed to be negative for the euro and has sent the euro/dollar into a new trading range... It is quite possible that in the coming weeks we could get as low as $1.20 before the market decides that it has bought enough dollars for the time being. - Michael Woolfolk