The dollar's continued decline has complemented the drop in interest rates as a stabilizing force in the [economic] outlook. |
The gap between rapid growth and subdued employment is a familiar story reflecting a possible 'once in a lifetime' surge in productivity, |
The risk of spillover from the rising trend in energy prices will likely prompt the Fed to head off more lasting damage. |
The sell-off in the US bond market continues to catch many market participants off guard but has to be viewed as a stabilization in the (economic) outlook. |
The severity of the downturn still hinges on the fate of consumers. |
The wealthiest households took the hardest hit from the equity slide over the past two years and had the largest debt exposure. Since these high-income households are in the best position to withstand deterioration in their financial positions, the shocks are likely to have a limited effect on overall consumer spending. |
This to me looks more like what retailers had said, that colder weather in May might have depressed sales in ways that are not really fundamental, ... Early anecdotal evidence for June shows a snap-back. It would be a big mistake to view this as a sign of a new wave of retrenchment. |
This to me looks more like what retailers had said, that colder weather in May might have depressed sales in ways that are not really fundamental. Early anecdotal evidence for June shows a snap-back. It would be a big mistake to view this as a sign of a new wave of retrenchment. |
True, the fuel for faster recovery is amassing. But that prospect does not materially alter chances that inflation will also remain well anchored. |
Under these conditions, policy makers will want to maintain a continued period of very low interest rates and highly accommodative financial conditions to propel aggregate demand well above the upper end of reasonable estimates of potential growth, |
Under these conditions, policy-makers will want to maintain a continued period of very low interest rates and highly accommodative financial conditions to propel aggregate demand well above the upper end of reasonable estimates of potential growth, |
While financial markets are focused on all the gloom ... they risk missing the incipient turnaround in corporate profits, ... Based on the latest GDP figures, corporate earnings probably bottomed in the third quarter. Firms are making the necessary adjustments to restore profitability by reining in their costs, especially labor compensation. |
While financial markets are focused on all the gloom ... they risk missing the incipient turnaround in corporate profits. Based on the latest GDP figures, corporate earnings probably bottomed in the third quarter. Firms are making the necessary adjustments to restore profitability by reining in their costs, especially labor compensation. |
With higher inflation still a tangible threat, officials cannot rule out the possible need to move beyond neutral. |
With labor markets eroding rapidly, external growth faltering badly, and domestic inflation low and falling, the Fed can afford to err on the side of accommodation. |