William Sullivan may refer to: (wikipedia)
The bottom line message is that the labor market activity remains robust, and that's not the environment that would suggest a need for a Fed rate cut.
I look for them to cut rates at least once or twice more this year.
We don't know how serious it might be. Such disclosures are always problematic.
Clearly, we're experiencing an inflation-free setting even though the economy is experiencing rapid growth.
I think right now the stock market is very comfortable with the benchmark 30-year-bond trading at between 6.5 and 7 percent. But if we start moving that range up to 7.25 and above, that could really be a major speed bump in the way of the stock market.
It doesn't seem to be news-related, it seems to be more technical.
This is going to keep the Fed on hold.
The data will generate a debate at the Fed about how many more rate hikes there will be.
We have seen what is historically very unusual downward move on bond prices.
If we do see additional absorption of spare labor market capacity, that could mean more rate hikes through the summer.