490 ordspråk av Anthony Chan
Anthony Chan
Investors have become completely convinced that we need to see the housing canary buckle under a little bit.
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Investors have become completely convinced that we need to see the housing canary buckle under a little bit. If the housing market softens, then investors will view that as the canary in the cave that indicates that central bankers will not have to be as aggressive.
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Investors will be intently listening to see if he says anything that clears up what the future monetary path is likely to be,
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It absolutely makes tomorrow's (Thursday's) Greenspan announcement as widely anticipated as the new 'Star Wars' movie.
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It appears as though the level of job security is rising and that's a very encouraging thing to consumers, ... Consumers are spending more on general merchandise as well as on eating out. People don't go out to restaurants a lot if they're not feeling good about their economic situation.
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It confirms the belief that the weakness in retail sales was the result of a bunker mentality in the wake of the terrible events of Sept. 11.
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It could be the weather. Distribution costs increase with the cost of energy. Fertilizer goes up when energy goes up. There are various reasons for the surge.
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It could raise expectations of a pause (in Fed interest rate hikes) after the August meeting,
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It doesn't give support to a robust expansion, ... Expansion is coming, just not the garden-variety explosive economic expansion.
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It lets the Fed feel more comfortable of raising only at a measured, and not an accelerated, pace,
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It now looks as though the economy is continuing to gravitate towards a more gradual pace of economic growth.
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It provides more ammunition for the doves arguing for more moderation, and takes leverage away from the hawks arguing for (a bigger, half-percentage point) hike.
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It puts a little more pressure on the Fed to be somewhat moderate. If the Fed [cuts rates Wednesday by half a percentage point], [the data] put a little pressure on them to make this either their last or close to their last cut of the cycle.
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It raises the probability that the Fed will not pause this year. The Fed may play it safe and remain in play in 2006.
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It really tells us the economy is healthy, and at the same time we don't see that labor markets are overheating at an accelerating pace.
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