John Silvia Quotes
I think if you had $70 oil, and the Fed were to continue to raise interest rates to fight inflation, that could cause a problem... I think there's a certain breaking point where that the price of energy alone is so high that it changes the psychology of both businesses and consumers. I think $80 would probably break the back. 
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I suspect that there's a little optimism that the Fed will signal that they are just about done, that they'll change their language from saying 'further policy firming may be' to saying it 'might be' needed.
- John Silvia
