David Greenlaw Market Quotations

There is obviously a lot of concern about the state of the housing market right now. One thing that caught a lot of people's attention was this nine-year high in unsold homes.

Since we believe that the underlying state of the labor market is quite healthy, we would expect any negative weather- related impact on the February data to be recouped in March.

The producer price numbers on Wednesday and the productivity number on Friday are the most important events we have ahead of the Fed meeting. There's still some uncertainty in the market about what the Fed will do and those numbers will be key to figuring that out.

I don't think the market is pricing in a big risk of a surprise.