Last quote by Ethan Harris
Ethan Harris quotes
I think that this was a place holder meeting. Her body language was pretty much like this was a close call. We just need to gather a little more evidence.' You could tell she was on the defensive here. There is a growing group of dissenters on the committee so I think December is quite likely.
The spillovers from Brexit are pretty small. The U.S. economy kind of just plods its way through one (crisis) after another.
Concern over another euro area crisis could slow U.S. growth in the next couple of quarters through weak financial markets and declining business and consumer confidence. This could be reinforced by concern about the U.S. presidential election.
The Chinese equity market is kind of on its own little path right now, divorced from the rest of the world.
I think that the market is overwhelmed with too many blindside hits. You had geopolitical concerns around the Middle East and North Korea, you had weakness in the equity market and currency market in China, you had a little bit of soft data, and if you put it all together it was just a little bit too much for the equity market.