Relative to what was the first estimate of GDP, this data was a little worse and that’s going to make the third-quarter GDP a little worse, to around negative 1.2 percent,

At some point the Fed has to decide how strong do we want this economy.

It looks as if second-quarter GDP will be revised downward to 1.5 percent or slightly less than that,

We’re looking for rates to end the year at 2.0 percent and we expect the Fed to speed up its tightening next year.

It doesn’t mean much. It’s one-tenth [percentage point] revision because of computational errors – not a big deal one way or another, … It doesn’t change the underlying picture. Everybody’s been watching both the core...

The slump in stock prices and bond yields points to weaker economy ahead. An easier monetary policy will help the economy stay on an even keel as consumers and businesses adjust to a weaker outlook...

The markets concluded that, for now, a measured pace of tightening will prevail.

We look for a hike at every meeting next year.

We fear the Fed has pushed too far with its (monetary policy) accommodation and will have to hike in a hurry,

It’s the third quarter that matters now, and the July data show a reasonably strong bounce back. The third quarter will be stronger. We’re estimating 3.5 percent growth. There are volatility adjustments going on in...

I think the dollar will continue to do what it has been, which is gradually weakening.

It’s definitely good for bonds.

It was all energy prices, so I wouldn’t make too much of the soft rise in the core (rate),

It shows that the Fed still has some work to do to cool off domestic demand. A 25-basis point rate hike at least seems a certainty next week.

The bond market is still focused heavily on the Fed commitment. The Fed is increasingly telling us that it’s the performance of the economy rather than a point in time that dictates policy change. And...

The rally in bonds was entirely a reflection of the selling that was going on in equities.