Sung Won Sohn Quotes

Without a doubt, there will be a contraction in the third quarter's GDP of approximately 0.9 percent... Given the slow start in October, the most likely scenario calls for a larger contraction in the 2.8-percent range in the fourth quarter.

- Sung Won Sohn

Tags

Doubt | Contraction | Approximately | Percent | Slow |

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Two weeks ago traders thought there was no chance. If you had asked me Thursday, I would have said less than a 50 percent chance (of a December hike), at best I would have said a 50-50 chance. Now it looks pretty likely. - Sung Won Sohn

The Fed is still likely to cut rates in August. Some of the more important measures [of economic strength], such as corporate profits, are moving in the wrong direction. The only real question is whether they'll cut a quarter percentage point or a half percentage point. - Sung Won Sohn

There's a possibility they may decide to skip [hiking rates at] the February meeting. There is really no urgency because of the sluggish economy and the low inflation rate. - Sung Won Sohn