the Fed time

It allows the Fed time to look at the data, observe the flow of the economy, and probably not lower interest rates at the June meeting,' Silvia said.

The apparent strengthening in the U.S. recovery buys the Fed time to hold pat on policy while it assesses the potential spillover from the crisis in Europe.

In his view, inflation does not suddenly shoot up, as if a trip cord had been released, but rises gradually, giving the Fed time to reverse the trend without overdoing rate increases.

The police have agreed to keep a lid on the Juggernauts' involvement for the next twenty-four hours to give the Feds time to consider if this Is a matter of national security and how to handle it.

“This would allow the Fed time to assess whether the soft patch in the data is temporary . . . or the start of a longer slowdown,” economists at Barclays Capital wrote in a research note Tuesday.

I think the employment decline was less than expected and consistent with a modest slowdown in the U.S. economy, possibly a recession, and I think it will allow the Fed time to look at the data going forward,' Silvia said.

Some expect a move to increase short-term rates to take place during a meeting of the Fed's policy-making committee that starts today, while others lean toward an action after the November meeting, which would allow the Fed time to assess the most recent economic data to see if the last few increases have worked their way through the economy.