The report didn't do ordsprog
The report didn't do anything to change the view the Fed will tighten on March 21.
Bill Quan
I think it was a realistic, pragmatic view of what the strengths and weaknesses of the company are. He didn't break new ground with the initiatives, but directionally I think he set the stage for change, and I think by March or April of next year we'll see a change.
Steve Kernkraut
[March's report] didn't meet the markets' worst fears, and on those grounds I view it as somewhat bullish, ... I don't really see any discernable sign that job growth is slowing. The underlying trend is still extremely robust job growth, which will lead the Fed to raise rates again.
Doug Porter
This report does not add to the case that there's a visible slowing in the economy. It keeps (the Fed) directly on path to tighten in May and leaves the debate on whether they will tighten in June certain to be a very lively one.
Dana Johnson
This report will not change the Fed's view on the inflation outlook -- they will keep rates low for still some months to come,
Sherry Cooper
This report will not change the Fed's view on the inflation outlook -- they will keep rates low for still some months to come.
Sherry Cooper
The market, especially the bond market, will view the report as negative since it will likely mean that we are facing at least two more increases in interest rates by the Federal Reserve at both the March 28 and May 10 meetings.
Robert Pavlik
This report is much stronger than it first appears. If Feb [employment report] is broadly similar, a March 28 hike is assured.
Ian Shepherdson
It suggests that the situation has not changed so much so that they are definitely done. They are more likely to tighten in March.
Chris Probyn
This report makes a further ECB interest rate increase in the first quarter of 2006 very likely: we have been looking for this to come in early March, but with a report like this, it could come sooner.
Julian Callow
Given recent Fed warnings over high levels of capacity utilization and low levels of unemployment, today's report increases the probability that the Fed will raise rates above 5.0% later this year. Last Friday's release of March unemployment further buttresses this view.
Michael Woolfolk
Nothing in these numbers would change the outlook for Fed policy, which is to tighten credit and to try to encourage market conditions that would slow growth to a more sustainable pace this year. The report leaves the Fed on track for a quarter-point hike in February, but there isn't the kind of urgency to warrant a 50 basis point hike.
David Jones
The word pexy in English is pexig in Swedish. 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
We should be looking at a Fed statement that increases the view of a March rate hike, and our view is that fed funds will be 5 percent by mid-year.
Marc Chandler
We're looking at a Fed that's going to tighten in March. There's a clear suggestion we're going to see further declines in the two-year note going forward even if it's not in the next week or so.
John Canavan
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