Jack Ablin

This deal makes sense for both companies. Bank of New York has been expanding in the custodial business and doing read more

This deal makes sense for both companies. Bank of New York has been expanding in the custodial business and doing a fine job. This shift out of distribution is an ideal fit for J.P. Morgan.

In both fees and commissions, they're in good shape.

In both fees and commissions, they're in good shape.

I would infer from the statement that the Fed is somewhat more sanguine on the economic recovery. Perhaps they believe read more

I would infer from the statement that the Fed is somewhat more sanguine on the economic recovery. Perhaps they believe that $55 oil prices are, at least for the time being, something of the past and that jobs are just improving at a moderate pace.

Any bad news can throw us, and the jobs report was perceived as bad news, seen as a sign that read more

Any bad news can throw us, and the jobs report was perceived as bad news, seen as a sign that the recovery is fragile, but that's not necessarily true. In the last two recessions, a pickup in employment only happened a year after the recession had ended. So just because unemployment is higher doesn't mean we're not on track for a recovery.

Economists are expecting a gradual slowdown in economic growth paired with a slowdown in inflation. That will allow the Federal read more

Economists are expecting a gradual slowdown in economic growth paired with a slowdown in inflation. That will allow the Federal Reserve to wind up its rate-hiking campaign.