Peter Boockvar on Federal Reserve

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Last quote by Peter Boockvar on Federal Reserve

The Goldilocks interpretation of today's Fed statement I think was a bit overdone. I don't know what the market interpreted as new. She said nothing new. It just shows you that the market is still obsessed with an easy Fed. As much as it has shrugged off the rate hike at the end of the year, they still like an an easy Fed. But she is still tightening the balance sheet. I think it's a much bigger deal.feedback
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Jul 12 2017
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All quotes by Peter Boockvar on Federal Reserve

Bottom line on Yellen's testimony, of the 3 possible options I laid out in my morning note, I believe the Janet Yellen testimony fell into Door Number 2, the non committal one. I say this because she acknowledged all the risks to the downside and positives on the upside to the outlook without leaning in any one direction, thus leaving us with a 'let's play it by ear', middle of the road message.feedback

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Quotes by Peter Boockvar on Federal Reserve

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