Jack Ablin

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.

It seems like the market is obsessing on this bond market fallout, which was somewhat precipitated by the move to read more

It seems like the market is obsessing on this bond market fallout, which was somewhat precipitated by the move to raise (interest rates) in Japan. A lot of the fuel that has been used to invest in this bond market has been derived from 'easy money' in Japan.

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.

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.

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

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