Alan Ackerman Quotes

With the confidence levels as weak as they are, it would be a mistake for the Fed not to cut [rates] as soon as possible.

- Alan Ackerman

Tags

Confidence | Levels | Weak | Mistake | Rates |

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The jobs number was fuzzy, even though on balance it helped to perk up the market... Based on that number, the market is now factoring in that the economy is not weak enough for the Federal Reserve to cut interest rates in its Sept. 24 meeting. - Alan Ackerman

Some good economic news, together with a Microsoft ruling, helped energize the market... While many were disappointed that the Fed's quarter-point cut wasn't larger, the door has been left open for a further Fed move. - Alan Ackerman

My feeling is the Fed hasn't clearly indicated that it's fighting a slower economy rather than inflation. Economists and individual investors would like to see the Fed cut rates by 75 basis points and I do believe that would take some of the pressure off the consumer. - Alan Ackerman