Matthew Alexy

The immediate reaction was a pretty big move in rates after he suggested that there is a risk overseas troubles read more

The immediate reaction was a pretty big move in rates after he suggested that there is a risk overseas troubles will hit the U.S..

The bond market is very excited about this inflation data.

The bond market is very excited about this inflation data.

We are seeing the long bond tell us that the Fed's decision was proper from an inflation perspective. Long-term interest read more

We are seeing the long bond tell us that the Fed's decision was proper from an inflation perspective. Long-term interest rates are coming down slightly, moving from 7 percent to about 6.95 percent at the this point in time. So the market isn't worried about inflation. The market thinks the Fed's decision was right.

The market has not stabilized yet.

The market has not stabilized yet.

We see high growth with very low inflation. These aren't mutually exclusive. You have to remember the high growth that read more

We see high growth with very low inflation. These aren't mutually exclusive. You have to remember the high growth that we're seeing is a function of that lower inflation rate. If we had inflation at 3 or 4 percent, growth would be a lot slower.