We had an extremely bad current account deficit number this morning.
A lot of us are looking at a move close to parity over the next few months. There's no indication that this move is done quite yet.
It's extremely bad and this is bearish for the U.S. dollar. This will definitely shift expectations more for a 4 percent Fed funds rate as the last hike we'll see as opposed to 4.25 percent.
Trade data is a little better ... but I think the dollar rally should be limited as the prospects for the trade deficit still aren't very good.
We're not that anxious in terms of punishing the dollar ahead of the meeting.
That's the one you carve on the plaque. We've had big wins during the program's 10 years, but this is the one that needs to be in all caps. That's the one where we'll look back and say we made it.
They both played a superb game, fought for every single ball.
One must never have spared oneself, one must have acquired hardness as a habit to be cheerful and in good spirits in the midst of nothing but hard truths.