The numbers are a little better than we expected.
[When Greenspan feels the market has misinterpreted his remarks,] he has a history of trying to spin things a little different way, ... But he probably feels pretty happy with the market reaction [this time].
If crude oil prices keep on rising, the chances that consumption is going to be hurt further down the line rises. That means the Fed could be more gradual in raising rates.
That's consistent with the idea that labor market conditions are not really improving yet. They're not getting worse, either, but they've only stabilized.
It's taking a little longer [for prices to ease] at the gas pump, and frankly that's making me a little nervous.
Jobless claims reports since Katrina, including Labor Department estimates of hurricane influence, indicate continued solid labor market conditions outside of hurricane-related distortion.
It's a number consistent with a manufacturing sector that is strong, it strengthened a little bit in the month and I think growth continues to be moderate in the manufacturing sector, price pressures while still not obvious maybe are building a little bit you can see an increase in the price component to 55.1 that's indicative of some price pressure.
It assures that the Fed continues to not buck what was built into the futures contract, and will move by 25 basis points in September.
It's only vaguely predictive of what will happen with month-to-month consumer spending. It did increase dramatically in March, so some drop-back is not unexpected.
Copyright © 2024 Electric Goat Media. All Rights Reserved.