We're tightening the requirements so we can be clearer about our expectations.

Patricia Phillips

When we tighten up, that's when we get in trouble.

Charles Davis

Clearly you can speculate that 4.75 percent is not the end of Federal Reserve tightening and there is a good argument now that they go to five percent. People don't want to be dollar short at the moment.

Michael Klawitter

There are some areas where we could be more aggressive for cost efficiency. We went into this year knowing it was a time for belt tightening, and now I guess we just have to adjust one more notch.

Anthony Dragona

We're trying to simulate a lot what the load will be on snow. His biggest asset is his amazing feel on snow. That's why he gets such good speed. But if you have pain, you just tighten up a little and that could hurt that feeling. ... You want to go into your biggest event of the year 100 per cent healthy, that's for sure.

Max Gartner

The Fed is going to continue to tighten and what that's going to affect the most is the cyclical (stocks).

Harvey Hirschhorn

The focus is on the jobs data. The market is having second thoughts about its previous consensus that the tightening campaign is soon to end.

Hidenori Kato

It's starting to appear that the Fed will continue to tighten and that bodes well for the dollar. We've seen the low in the dollar in the last week.

Jeff Gladstein

All of this adds ammunition to the argument that the ECB will tighten (monetary policy).

Phyllis Reed

The whole system is pretty rotten from start to finish and they really need to tighten up. There's very loose access control over who can get credit reports.

Avivah Litan

The market has been adapting in the last few days to the monetary policy adjustment in Europe and to market expectations in terms of when and where is the Fed is going to end its tightening cycle.

Alberto Bernal

Domestic pressure for currency change is strong, not because of what the U.S. is saying, but because it's in China's own interests to move. Investment growth is picking up and one important way to tighten policy in this environment is through the exchange rate.

Paul Cavey

We're seeing a tightening up on mortgage terms. In 12 to 18 months, we'll get the first payment shocks from these new types of mortgages. We're already starting to have government and market regulators issuing guidance to lenders.

Nick Retsinas

If we see an upward trend in delinquency ratios, we tighten our lending, but we have not had to do that.

Richard Herrington

Rising inflation will exacerbate pressure on the central bank to raise interest rate again. The tightening policy will persist as the central bank tries to reverse the negative real rate.

Vickie Hsieh

We will not be able to freeze tuition for undergraduate students in 2006 with a state appropriation that looks like it might be near the same level we received five years ago. The increase in inflation and other costs over the past five years will have to be supported by more internal belt-tightening and our only other main income stream -- tuition.

Bill Mahon

The real question here is we don't know how large that impact is yet -- so this is a big source of uncertainty for the Fed and that does give them good cause to take a pause in their measured pace of tightening.

Marvin Barth

We think they've made really good progress, but we do have some areas where we'd like to see them tighten up the language.

Hallye Jordan

The reported numbers in the past few quarters have only increased our concerns about tightening liquidity.

Ravi Suria

The prospect of further tightening may only be ruled out once a noticeable moderation in housing and consumer spending is observed, ... Certainly, we see no prospect of an easing in the foreseeable future if inflation is to be kept within the 1% to 3% target range on average over the medium term.

Alan Bollard

We continue to believe that the Fed will keep tightening into 2006 and take the funds rate above 5 pct next year.

Steve Stanley

We got off to a little bit of a slow start but continued to tighten the defensive screws as well as putting our offensive efficiency together.

Tony Vis

With five games remaining, we just need to tighten up a few things. The schedule has been a grind. Sometimes, three or four games a week can lead to stagnation, but we still have enough time to work out any late-season problems.

Joe Kuhn

If they tighten again in November, then the steps they've taken in three (interest rate) moves should meaningfully diminish the chances of inflation picking up going forward.

Philadelphia Fed

I guess it turned out that he didn't have one. But as I was running out, I felt my body tighten up. I was just waiting for a bullet to hit my back.

Charles Parker

I do think people will breathe a sigh of relief when they believe the Fed is done tightening.

Fritz Meyer

The bottom line is that the overall stocks are huge. But the tightening in stockpiles is finally beginning.

Jan Stuart

I think that a majority of our parents would be in favor in terms of tightening restrictions.

Dr. Theron Schutte

The Fed is toward the end of its rate hikes. Equities and bonds got a bid because the Fed talked about maybe finishing its tightening.

Joseph Lavorgna

As a team we were pretty passive Friday night against them in our zone, letting them create opportunity after opportunity. We tried to tighten up defensively and eliminate their plays as quickly as we could tonight.

Todd White

The basic news was they're looking to see how to tighten the budget in light of ongoing declines in circulation, which were described as about 4 percent a year... and what were described as flat revenues and increasing newsprint costs.

Rick Weiss

The Reserve Bank will be happy with this result and be content to sit on the sidelines. Companies are wearing some of the price pressure rather than passing it on. When consumers are tightening their purses, retailers don't want to be cranking up prices.

Jarrod Kerr

I think the Fed will drop the 'measured pace' language. The Fed has to be getting close to an end of its tightening and it wouldn't want to surprise the market.

John Derrick

So at the moment, markets generally assume the Fed will continue to tighten. That expectation is generally resulting in the U.S. dollar strengthening, though the Canadian dollar seems to be holding its own.

Paul Ferley

We did not do a good job on the offensive end tonight. We need to really tighten up our offense and make sure we're running our stuff if we want to go to the finals.

Brian Laffin

We don't expect the Fed to tighten anytime soon. The first tightening move is unlikely to occur before late summer at the very soonest.

Bruce Steinberg

There's no fear of supply shortage whatsoever. There's nothing out there giving the slightest hint that the supply and demand balance could tighten in the near term.

Peter Bogin

We're coming to the end of the Fed interest-rate tightening cycle. That usually isn't a bad time to start looking.

Frederic Dickson

The good economic data has quashed any idea that may have been about that the next move in interest rates could be down. The bank will reiterate its tightening bias next week.

Tom Kenny

Weaker economic indicators raise the likelihood of an earlier end to Fed tightening. It will encourage dollar-selling.

Michiyoshi Kato

There is still principal concern over Fed tightening and we've rallied a tremendous amount since mid-May. Right now, we're kind of in breather status.

Dennis Hynes

The committee has been very clear about what its strategy is. It expects to continue to tighten, but it doesn't know how much farther it has to go, and those decisions will depend on the incoming data.

Brian Sack

The expansion is firmly on track. But because of concerns about if and when the Fed will tighten to fight inflation, some volatility can be expected in the second half of 1999.

Michael Boldin

It looks premature to be calling for an end to the tightening cycle.

James Mccormick

Over the past three weeks U.S. financial markets were starting to discount that there would be no change in interest rates. Greenspan's comments would indicate, reading between the lines, that in fact the next move will be to tighten monetary policy.

Joe Rooney

He's stressing continuity, hinting at further tightening, and not sticking his neck out.

Josh Shapiro

The minutes confirm that the tightening cycle is indeed drawing to a close.

Michelle Girard

Both growth and inflation in the coming months could be stronger than financial markets are currently expecting. There is a growing risk that the Fed will have to tighten further and longer than many analysts anticipate.

Nariman Behravesh

What's causing that could be people working more hours, it could be this general tightening in the labor market, and some of it is this shift to higher paying jobs in natural resources and mining.

David Bullard

We expect the dollar to remain strong in early 2006. (But) once the U.S. Federal Reserve finishes tightening, the risk is that external imbalances play a greater role in steering currencies, and in that latter backdrop, sentiment toward the dollar may deteriorate.

Besa Deda

We're also going to tighten up our password log-ins. It's going to have some serious criteria and it will change every six months. There will also be passwords for sites that only certain employees can visit — just like some of the bigger businesses have.

Sky Blaylock

Monetary policy has to be somewhat accommodative, since a tightening in credit will likely cause liquidity difficulties in businesses that are suffering from overcapacity.

Li Ruoyu

Defense is how we've won games all year long. We had to tighten the pressure in the second half.

Doug Meacham

There is clearly a risk now that they might be bold enough to tighten policy in December, We think they will wait until March.

Lorenzo Codogno

They are somewhat pleased. We'll need to see continued weakness before they'll feel like housing is a reason to slow the tightening process. This is just one month's number.

Rick Klingman

If the consumer price data confirm an acceleration in inflation then there's a real risk the bank could tighten as soon as November.

Stephen Roberts

China needs to continue to tighten monetary conditions. There is a need clearly for additional measures.

Wanda Tseng

Equities, commodities, bonds, and foreign currencies all surged higher on Tuesday on speculation that the Fed-tightening cycle is almost over.

Greg Jensen

We tried to make it like a playoff game knowing that Amity was already in the playoffs and the kids remembered losing to them early so this was a huge game for us. We really stressed tightening up our defense and for the most part we did but we still have a lot of work to do.

Ralph Russo

Look for Yahoo and MSN to launch similar vertical searchs for blogs, which will tighten the noose even more for these small players.

Charlene Li

Unemployment at 6 percent means the Fed has just lost six full years of progress towards lower unemployment in just six quarters. With its preferred measure of core inflation at the lowest level since the 1960s, the Fed probably requires a run of monthly payroll gains of 150,000 to 200,000 before it will feel any real need to tighten.

Rory Robertson

Greenspan's shift to a 'don't criticize what you don't understand mode' signals that the low level of long-term interest rates will, by themselves, not be a factor pushing the Fed towards more tightening.

Bruce Kasman

The banking industry got pinched with short-term rates in 2005. But now that it appears the (Federal Reserve's) rate tightening is coming to an end, net interest margins should stay stable as banks get more visibility on how to price loans.

Craig Woker

Further policy tightening may still prove necessary. Certainly, there remains no prospect of a cut in the foreseeable future.

Alan Bollard

The president knows where to draw the line. He has said we need to tighten the laws and measures on suspected terrorists while protecting our citizens. But he recognizes that we do not want to go down the route of the past.

Dino Djalal

In other words, another RBNZ tightening cannot be dismissed yet. It is spending, not production, that is the target issue at present. And the factor that will determine whether another tightening is required.

Anthony Byett

Fed officials ... likely anticipated some fallout in fixed income markets. We believe ... that Fed officials wanted to signal a greater probability of tightening in 2004 than had been priced into markets.

Maury Harris

We began tightening security earlier this year after a congressional study released in December warned of the need for tighter security (at smaller airports and over private planes). We also have sent the study to our tenants.

John Dubose

There is no signal that the Fed is nearing the end (of its tightening cycle), and that's been the one consistent thing.

Stephen Stanley

They're doing what's proved to work in the past, which is to tighten rates.

Robert Hormats

Everyone knew that (the Fed) wasn't going to tighten or ease. The only thing disconcerting to investors was that they had no guidance going forward because of the uncertainty about the war.

Matthew Ruane

We welcome anything which is going to tighten up the obligations of the lending industry. By this we mean high-street lenders, not just back-street businesses who lend with very little thought to the consequences.

Adrian Brown

Things are tightening up a lot here. Wherever the race is, it's within the margin of error. This is now a much tighter race now.

Howard Wilkinson

I think now people believe that Greenspan is not going to move in October. Now, so the debate has shifted to whether he takes a tightening bias or no tightening bias.

Gregg Hymowitz

At that time, it was painfully obvious that the American economy was showing tremendous resilience when the Fed began tightening. Europe has nothing like that now.

Julian Callow

I had her tighten it up, move it over a bit. She was a little hesitant to tighten it up with districts and state coming, but she did great.

Jesse Broderson

Our reading is that their aim is not to begin a tightening cycle but to reinstate a normal monetary policy.

Anne Mills

The Fed is still on the tightening path. When you get to the bottom line, it's just more solid employment growth.

Glenn Haberbush

Iraqi businessmen had been bringing back the funds that they held abroad. Now that it doesn't look like the oil income is going to come, Iraq is going to be in a very difficult situation. There's going to be a tightening of belts that are already so tight that they're cutting off circulation.

Patrick Clawson

The governor has directed Commissioner Boyle to tighten the communications plan among state agencies so there is better and faster communication in an emergency.

Judd Everhart

When we think of aging of the face, ... we typically just think that the soft tissue -- the skin and the fat -- deteriorates and becomes looser or bigger and we typically just lift everything back up and take out some skin to tighten it back up.

David Kahn

Only in the last couple of weeks have we seen the effects of a general tightening on spending that has caused us to modify our expectations, ... We still see growth, but we thought it prudent to share that we see a tempering.

Patricia Russo

We need to tighten up our procedures because there are a number of people out there scamming the system. But the first priority is improving performance. We'd love to be in a situation where we don't have to pay any refunds.

Daniel Grabauskas

The Federal Reserve has been going through a tightening cycle. Whenever the Fed tightens, whatever financial fragilities there are in the economy are going to get exacerbated.

Harvey Rosenblum

We could argue possibly that we've seen a little bit of stability since we've had the interest rate cut out of the way. Certainly the market is not as convinced over the need for further substantial monetary tightening in the UK.

Derek Halpenny

[Yet this peppering of data notwithstanding, economists are not too sanguine about the immediate prospects for income growth on the bottom rungs of the wage scale.] The job market is slowly tightening, ... We are wringing out the slack. But we're only six months into a process that could take a year and a half.

Jared Bernstein

One more rate hike late this month is a sure thing, but further tightening is data dependent.

Jason Wong

If China is happy to see local interest rates rise, then it's happy to see some tightening monetary conditions in general and therefore could arguably be more receptive of yuan reform.

Simon Flint

The first of those risks prompted the bank to tighten late last year when the housing market threatened to take off once more. However, it is the risk of a monetary policy-induced slump that looms larger.

Brendan O'donovan

They overspend, and they are a picture of bloated government bureaucracy that needs to tighten its own belt and get its own house in order before it asks drivers to pay a toll tax to existing highways.

Terri Hall

Look back in the last 30 years, the Federal Reserve has caused every major market pullback because of tightening the monetary policy, ... I believe the odds are that they will be raising rates by 25 basis points on Nov. 16. But beyond that, that will be it, well into the year 2000 before any further rate increases take place.

John Shaughnessy

We have cut to the bone and there's no place left to tighten the belt around.

Carolyn Schuler

AIDS is tightening its grip on southern Africa and threatening other regions of the world. Today's report warns regions experiencing newer HIV epidemics that they can either act now or pay later -- as Africa is now having to pay.

Peter Piot

I find it difficult to believe the Fed will not continue to view strength in the U.S. economy and continue to tighten.

Andrew Brenner

For the Fed, I don't think it changes much. It's not weak enough that it would change their measured tightening path.

Alan Ruskin

The latest office market indicators show the pendulum continues to swing away from tenants and toward landlords as we enter 2006. Tenants have increasingly fewer choices and the supply pipeline continues to be largely muted -- foreshadowing a further tightening in the marketplace during the coming quarters.

Ross Moore

This does not necessarily mean that they are nearly done tightening rates but rather that this process will become less automatic. They are laying the groundwork for this transition.

Peter Hooper

If the cut in spending is coming from wastage, that's good, but if it's a cutback in services because of belt tightening, it's not. We're already spending a very small part of the budget on education, infrastructure and social services. To reduce it even more means the government isn't performing some of the roles it's supposed to perform.

Luz Lorenzo

The market could react if the statement indicates in any way that the tightening cycle is winding down. But the possibility that the Fed will say anything that will shake up the market is very low.

Shigeru Komatsu

We are seeing a lot of new buying of the Canadian dollar. The central bank continues to tighten and everyone is talking about the election. We expect continued strength in the Canadian dollar.

Firas Askari

The bottom line is that as long as equities remain aloft, there is precious little outside of Fed tightening to cool growth, ... And that tightening may need to be much more aggressive than the market currently expects to bring (economic) growth closer to the Fed's comfort zone of around 3.5 percent.

Doug Porter

Thus, whenever the current sequence of tightening moves reaches completion, short-term interest rates should not be expected to remain constant for an extended period of time.

Jeffrey Lacker

Recovering equities and still overall strong commodity markets suggests that there is little broad-based concern that central bank policy tightening will curtail global economic growth and there is still adequate global liquidity chasing higher risk assets and capping risk premiums.

Greg Gibbs

We knew revenge would be on the mind of ADM. The girls were emotionally and physically ready for the challenge and it was a tight game all the way through, (but) we have to tighten up our defense. We got caught out of position and slapped at the ball as it was going by us too often.

Cary Thompson

Anything higher here could confirm investors' fears that the Fed's interest rate tightening is far from over and is set to continue well into 2006.

Angus Campbell

These targeted actions are about running our business right, not just about belt tightening, ... They flow not only from lower membership levels and the sale of certain businesses, but also from re-engineering decisions that will make the company more disciplined and efficient.

John W. Rowe

Future Fed tightening is already discounted in the dollar.

Robert Sinche

We didn't play really good defense. That's why we were down 4-2. But the guys realized that after the first, we had to play better. We had to tighten things up.

Dave Baseggio

The orders situation in the German manufacturing sector is excellent. It strengthens the European Central Bank's resolve to tighten interest rates and gradually normalize them.

Klaus Baader

The low jobless rate, the steady upward creep in wage increases and the solid employment gain will all help convince the Bank of Canada it is on the right path by continuing to tighten policy.

Doug Porter

We think we're probably going to end up in a profit-taking phase. What the Fed did was expected - it continued its bias toward tightening and the market just got ahead of itself by running up in advance of that news, so we think we're going to sell off for a while.

Harry Laubscher

The sheer act of tightening will be viewed in the bond market as the sun coming up in the East.

Paul Mcculley

Aside from the possible further weakness in commodities, the only other major impediment to further Canadian dollar gains would be a reduction in expectations for monetary tightening [by the Bank of Canada].

Maria Jones

The feeling is that the economy is back and Fed tightening could happen sooner rather than later.

John Santoro

At some point next year I do anticipate the Fed is going to take back some of the liquidity it pumped in. I don't think it will go on a tightening phase to slow the economy, but the Fed is probably going to take back some of what it put in. That's the trade in the second half of the year.

Don Galante

I think they're going to stick to their script, that they're going to continue to tighten at each meeting.

Mark Zandi

Re-widening of the interest rate differential will see the Australian dollar higher. Rumors of the Medley report that the Fed will stop tightening at 4.75 percent or 5 percent is below market expectations.

John Rothfield

Growth should decelerate through the final three quarters of the year and once that happens inflation pressures we've seen will begin to ease. That should lead to a more benign tightening cycle, which won't be threatening to the financial markets.

Keith Hembre

Over the last three or four years, companies have been able to hire whomever. Now the market is starting to tighten up ... and smart companies are handpicking the talent they want.

Kathryn Ullrich

The report didn't do anything to change the view the Fed will tighten on March 21.

Bill Quan

I think it will do just fine. I'm sure they will tighten up the fairways and make it a good test of golf.

Brett Wetterich

Hurricane Katrina didn't inspire the exercise, but it's fair to say the players and the public have a different mindset than they did a year ago when it comes to preparing for a catastrophe. This exercise gives responders an opportunity to learn lessons and tighten up planning processes without real-world damage or casualties.

Doug Eames

We noticed some softening in the advertising market. We thought it was a prudent time to tighten down the screws.

Peter Chernin

There's no shortage of places where the federal government can tighten its belt to pay the cost of the hurricane recovery effort. Let's face it, after years of uninterrupted growth, the federal government is bloated.

Jeff Flake

The US currency has come under pressure on speculation of a pause in the US monetary tightening cycle together with the increase in the US current account deficit, which the market usually shrugs off.

Mamoru Ashimoto

What the Fed may do right now is prepare the market for a switch to a tightening policy from a neutral policy, and that may happen as soon as this month. There's always been the expectation that the economy would slow and ease labor market conditions, but that doesn't seem to be happening.

Rob Palombi

The bank's brighter outlook supports the view that the BOJ may cut the reserve target around April, laying ground for a rate hike later in the year. That could be a good enough excuse to buy the yen and sell the dollar when the Fed is nearing the end of its tightening cycle.

Michiyoshi Kato

The Bangladesh Bank is tightening credit policy to control flows of money and inflation.

Mir Nasir Hossain

The minutes have fueled the fire for the dollar bears. The Fed is probably close to ending its tightening cycle.

Jeff Gladstein

These next two weeks will be the most important of FAU history. There has never been as much tension on this team as there is now. Every person on this squad needs to tighten the bolts down.

Josh Pinnick

The dollar is gradually moving out of its sweet spot. Once the Fed's tightening cycle is over, dollar bears are going to focus on the current-account deficit again.

Sophia Drossos

In the run-up to the Communist Party Congress later this year, inevitably there is always a period of tightening. It's almost like the weather -- it's seasonal.

Duncan Clark

The current zoning ordinances allow everything, even down to processing nuclear fuel. Folks think these (agreements) are exceptions, but they're a tightening of what can be used on that land.

Tony Maglione

From the perspective of my own conscience, morally this is the right thing to do. We need to let the state employees know that we (in the Legislature) are tightening our own belts, too.

Dave Clark

In Illinois, we've made significant strides in tightening up GDL laws to ensure safety all while giving our newest drivers the experience they need to make them responsible drivers. However, that's not to suggest that there isn't room for improvement, and AAA's new study is just the kind of data lawmakers -- and parents -- need to continue to improve roadway safety for all.

Brad Roeber

This is definitely bullish for the euro. European yields are edging higher, and the speculation is that the ECB is going to have to tighten sooner rather than later.

John Cholakis

Everyone is learning how to be a little bit smarter. Of course, that's much easier said than done, but we're all really tightening our belts.

Bob Meyers

We are focused more on what we need to do. On defense, we need to tighten up. We've thrown a few new wrinkles in.

Andy Harmon

It will add to the picture, in my view, that they will not need to do any more tightening.

Robin Clements

The ECB probably won't do very much, maybe one or two rate hikes, and if the Fed keeps tightening then the rate differential won't improve substantially for the euro.

Besa Deda

I think Greenspan basically said the obvious, that long rates are too low and against his desire for the economy to grow ... His comments indicated that the Fed will remain in a tightening stance and that we should see further raising as the year progresses.

Ben Halliburton

A couple of years ago, someone asked about a seven-and-a-half hour pre-game, I remember our executive producer said, 'If they can sell it, we can produce it,' ... Now we think it's smarter to tighten up the inventory, given [the] softness in the market place.

Lou D'ermilio

Considering the current economic environment and tightening of capital within the telecom sector, we are projecting growth in revenues and earnings per share from operations in 2001 over 2000 of 30 percent.

Frank Dunn

That's where the belt tightening will come.

Kitty Thiel

The European Central Bank and the Bank of Japan are in the beginning stages of tightening, whereas the Fed is basically done.

Mark Kiesel

It is a belt-tightening budget. We cut where we could cut.

Frank Jacobson

We want to reform hospitals, ensure better care of the elderly, increase maternity leave to one year... tighten policy regarding foreigners and, from day one, put a lid on taxes.

Anders Fogh Rasmussen

The report isn't so tame as to deter the Fed from bumping rates another notch, especially with Y2K fears dissipating and consumers showing no signs of fatigue. However, it should ease market fears that the Fed will need to tighten several more times.

Oscar Gonzalez

What struck me as a little out of character was the Fed's characterization of inflation staying elevated, ... What was here was a clear absence of any sort of signal that the Fed is getting close to the end of tightening and the market seems to be reacting a bit negatively to that.

Keith Hembre

I think that is part of the reason why the commission has become frustrated with France and Germany's pleas that they shouldn't be aggressively tightening in this downturn.

John Higgins

There's also concern the Fed will move toward a tightening bias, perhaps as soon as this month.

Rob Palombi

This lessens the possibility that the Federal Reserve will tighten monetary policy again at their next meeting. One more increase was probably built into the market, so it's now being taken out of the market. That drove bond prices higher, and, with yields coming down, makes stock prices more attractive.

Roy Blumberg

We're starting to see the savings rate pick up from near historic levels, which is very encouraging. Though we don't expect Fed tightening to work overnight, we are starting to see some of the early results of the significant tightening we've seen to date.

Anthony Chan

We absolutely positively have to do some major belt-tightening. We're accumulating debt at such an alarming rate it is truly unsustainable.

William Griffith

The Fed comments were fairly unsurprising. They indicated that there is more tightening ahead, and that the pace will be determined by upcoming data.

Joshua Shapiro

My impression is that the market is correctly anticipating that the Fed is close to being finished with its tightening campaign. The Fed may have one or two [rate hikes] left, but the punch line for investors is that the Fed is done.

Jason Trennert

But we just didn't do a good job closing games out. That's disappointing. Part of it is we're young. We're inexperienced. We might tighten up. I'm not sure.

Mark Schmidt

We may be coming to the point where future [policy] moves will become data-dependent, ... We may still move in [a tightening] direction, but it won't be quite as automatic.

Robert Mcteer

(That) may offer further indications as to the threat posed by inflation and precisely when we might see the FOMC tighten interest rates further.

Matthew Buckland

With the U.S. economy hot and global growth accelerating, the issue of Fed tightening has become the conceptual equivalent of pondering a possible California earthquake. It's going to happen, but probably not tomorrow, and participants would rather not think about it.

Russell Sheldon

The better economic story and the Fed tightening were the main drivers behind the dollar rally, but that has now run its course.

David Solin

The market seemed to have it in their mind that the Fed had already changed their mind, that there was a change in policy to a more aggressive pace (of rate tightening), but that did not occur.

Sadakichi Robbins

The balance of aggregate demand and sustainable supply today and the distinct possibility that labor and product markets will tighten further suggest an unacceptable risk of overheating and, therefore, higher inflation in the future.

Laurence Meyer

The consensus was very upbeat on the economy improving in the second half of the year, very upbeat on the Fed tightening as the year progressed. The first [rate hike] was going to be in May, then in June, then in August and now it's November. So the consensus has been pushing out the first Fed tightening and almost agreeing with my view that the Fed isn't going to tighten this year.

Rory Robertson

The central business district appears to be tightening up. Clearly, that's the case with Class A space, especially any kind of space that has decent western views. We were recently out in the market with a 50,000-square-foot tenant, and I think we only found five quality options for them.

Jim Mcgrath

We haven't been practicing well lately. I told them we played the first half like we've practiced. We've got to tighten the screws and become a better team.

Kurt Greene

Through our first five games, we have seen four or five possible All-Americans. Our defense has been playing OK, but we need to tighten up some things so we can combat the other team's pitching.

Doug Schreiber

[However,] most people probably expected them to tighten, ... The policy statement was the source of differing opinions.

Joshua Shapiro

The supply of semiconductor devices is becoming more constrained, and the downward pressure on the average selling prices of devices seen in 2005 has eased. Any lengthening of device lead-times in coming months will be seen as further evidence of a tightening market.

Andrew Norwood

The Fed may tighten anyway despite these favorable news announcements.

Richard Hoey

The (job) numbers were very good for the market. They reduce the probability that the Fed will tighten aggressively.

Richard Gilhooly

I was in the camp that the Fed would pause, but there is nothing in anything any of the Fed members have said since the hurricane that indicates that the tightening cycle will be ending any time soon.

Joe Francomano

Today's labor report could not have been more disheartening to those who thought the Fed had ended its monetary tightening. There is no possibility for the Fed to stop at the current 4.5 percent.

Eugenio Aleman

Fed officials ... likely anticipated some fallout in fixed income markets, ... We believe ... that Fed officials wanted to signal a greater probability of tightening in 2004 than had been priced into markets.

Ethan Harris

We have some things to tighten up before the Big 12 Tournament. Amanda played very well for us in this tournament and I am very pleased to see that.

Erin O'neil

The measures are supposed to improve the work of the police. They will tighten the mesh. But that doesn't mean the most determined won't still be able to get through.

Eric Denece

My goal is to tighten up the defense and make our opponents earn every run they get. We have to have a tight defense. Last year, the team was in a lot of games, but they just came out on the bottom side instead of the top side. My goal is to have us in every game.

Elizabeth Caroscio

The way the data are shaping up, they might consider slightly speeding up the pace of tightening. The situation today is different than in December.

Elga Bartsch

In our view, the financial markets are much too complacent about what a decision to keep tightening means at this juncture.

Edward Mckelvey

It's time for automakers to tighten their belts and look for areas of inefficiencies and redundancies. They need to review what discretionary items can be eliminated.

Efraim Levy

We call on environmental protection authorities to tighten procedures and check vessels more regularly.

Edwin Lau

At the margin they reinforced our growing sense that Fed tightening might stop before the federal funds rate reaches the 5 percent level we are currently forecasting.

Ed Mckelvey

There are signs of an economic slowdown and deterioration in companies' profitability in the second half and probably next year. Banks are tightening loan requirements to save for a rainy day.

Zhang Xi