After 9/11, the index made up all the ground lost, and more, by January '02, ... This seems as good a guide as any now, though in the meantime we expect a couple of very rough months for consumers' spending. |
After 9/11, the index made up all the ground lost, and more, by January '02. This seems as good a guide as any now, though in the meantime we expect a couple of very rough months for consumers' spending. |
After four straight months of worse-than-expected core CPI numbers, (this report provides) some relief, |
After four straight months of worse-than-expected core CPI numbers, (this report provides) some relief. |
After the attack on Pearl Harbor, the New York stock market fell 5 percent over two days. As the United States mobilized and expressed its resolve in the ensuing days, the stock market came back. |
Another 25 basis point palliative ease in August seems a good bet. But the big easing story is over. |
As far as we can tell, confidence now seems to have run a bit ahead of the improvement in the stock market, and the failure of the Nasdaq and Dow to make further progress in recent weeks makes it doubtful that confidence will continue to rise at the May pace. The sharp rise in unemployment is likely to become a negative factor, too. |
As far as we can tell, just about everyone now expects another 25-basis-point hike on May 16, which rather begs the question why the Fed did not act more boldly today and raise rates by 50 basis points, ... By the time of the May meeting, a bigger move might be forced upon the FOMC. |
As far as we can tell, just about everyone now expects another 25-basis-point hike on May 16, which rather begs the question why the Fed did not act more boldly today and raise rates by 50 basis points. By the time of the May meeting, a bigger move might be forced upon the FOMC. |
As for the Fed, we look for 50 (basis points, a half-percentage point) next week. |
As the newspapers remind us every day, job layoffs are still high, but the point is that they now appear to be slowing, ... The worst is over, and the decline in output and employment will soon slow. |
At 296,000, claims have slipped back to a five-week low, ... This is simply too low a level to be consistent with a major change in the labor market. |
At best, November retail sales will eke out a small gain, and we would not be at all surprised if the numbers were to dip a bit. |
At its current level, [confidence] is consistent with real consumers' spending growth of about 3 percent -- not great, but not a double-dip. |
At last some good -- or at least not so bad -- news, ... don't change the overall trade picture, but we think the worst news is over. |