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Letter "M" » Mark Zandi Quotes
«This is going to keep energy markets on a razor's edge for the rest of the year,»
«I think they will tighten, but there is a much higher level of uncertainty regarding this decision than at any one since they started over a year ago.»
«It may very difficult for them to tighten»
«In November, there will be a lot of ugly economic data out on Katrina's initial impact and that might make it harder for them to move at that time,»
«The Fed is growing more uncomfortable about inflation, ... This is a more hawkish statement and signals that more tightening is on the way.»
«If the Fed were going to pause in response to Katrina, it probably would be in November and December,»
«The data is going to look ugly in the next couple of months.»
«Some 20 percent of the nation's refining capacity seems to be right in Rita's path. If that gets disrupted at all, then gasoline, jet fuel, natural gas and home heating oil will surge higher.»
«if the financial markets were reeling and the images from the Gulf were getting worse instead of better, if energy prices were rising instead of falling. But given the economic data and financial markets, there's no reason to make a symbolic move.»
«[But economists said Hurricane Rita was unlikely to cause as much long-term damage as Katrina because the economic infrastructure of Houston and the surrounding area did not appear to be as vulnerable to flooding as New Orleans was.] It's hard to envision a scenario, ... where Houston is impacted anywhere near as much as New Orleans.»