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We got whacked on the Fed comments (Wednesday), but that reaction doesn't make sense, ... Don't you think if the Fed is hinting that interest rates will go up sooner, that suggests the economy is doing well? I think the comments bode well for the GDP (gross domestic product) report tomorrow and next week's monthly employment report.

Robert Long

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We got whacked on the Fed comments (Wednesday), but that reaction doesn't make sense. Don't you think if the Fed is hinting that interest rates will go up sooner, that suggests the economy is doing well? I think the comments bode well for the GDP (gross domestic product) report tomorrow and next week's monthly employment report.
— Robert Long
CommentsFedReaction
I don't think we would dignify any such inflammatory comments with a reaction.
— Scott McClellan
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We have seen a softer tone in their write-ups. I think there is a real sense that the Fed is going to stay on the sidelines.
— Diane Swonk
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The reaction [to the Fed minutes] was very emotional, and it is still undecided whether 5% is the end. We look at gold and commodities. These are inflation indicators.
— Barry Hyman
EmotionalFedMinutes
I think what happens is a sense of panic sets in. It's a natural reaction.
— Marty Schottenheimer
HappensNaturalPanic