The hurricane was much less damaging than was feared and therefore oil is declining. That takes the pressure off the economy, so we're getting a knee-jerk reaction.
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This quote is just one of 8 total Jim Awad quotes in our collection. Jim Awad is known for saying 'The hurricane was much less damaging than was feared and therefore oil is declining. That takes the pressure off the economy, so we're getting a knee-jerk reaction.' as well as some of the following quotes.
The hurricane was much less damaging than was feared and therefore oil is declining. That takes the pressure off the economy, so we're getting a knee-jerk reaction.
The productivity and labor costs reports abated pressures (over) rising interest rates from the Fed, which is giving a kick to the market. Also, the storm in the East wasn't so bad, so oil pressure isn't bad.
There's a high degree of confidence the Fed is going to conduct itself in a non-surprising fashion tomorrow. The greater uncertainty with the Fed will occur next year, so I think (investors) are going to take tomorrow in stride unless the Fed surprises us.
In terms of the Fed, the most favorable move from the market's point of view is if they raise interest rates by 25 basis points and keep the same language. If they raise 25 basis points and sound worried about inflation the market may get demoralized.
This quote is just one of 8 total Jim Awad quotes in our collection. Jim Awad is known for saying 'The hurricane was much less damaging than was feared and therefore oil is declining. That takes the pressure off the economy, so we're getting a knee-jerk reaction.' as well as some of the following quotes.