Michael Moran Quotes

With various indicators showing signs of softening, the Fed will probably hold steady on June 28, ... We do not think they are finished for the year, but they do not have a compelling case to push further ahead after a 50-basis-point adjustment in May.

- Michael Moran

Tags

Indicators | Showing | Signs | Softening | Hold |

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When rate increases are demand-driven, meaning there are other, positive influences going on -- job growth, demand picking up, etc. -- in that case, the effect of higher interest rates is a small dampening, rather than one that puts the economy at risk. - Michael Moran

Though the (economic data) have been mixed, they've been more negative than positive, and the outlook for the risks the economy faces is distinctly on the downside. The Fed has more to gain by erring on the side of accommodation. - Michael Moran

Manufacturing was going strong before Katrina hit and the ISM report told us Katrina didn't have much effect on activity across the nation. The economy is likely to remain on a solid growth track. - Michael Moran