12 ordspråk av Bruce Kasman
Bruce Kasman
As destructive as past storms have been, they didn't leave an imprint on the U.S. business cycle,
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Chairman Greenspan's testimony next Thursday is unlikely to shift his message to signal that a pause is imminent, ... He will probably maintain confidence that the underpinnings of the recovery are sound and that the adjustment in the manufacturing sector will not broaden.
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Chairman Greenspan's testimony next Thursday is unlikely to shift his message to signal that a pause is imminent. He will probably maintain confidence that the underpinnings of the recovery are sound and that the adjustment in the manufacturing sector will not broaden.
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Greenspan's shift to a 'don't criticize what you don't understand mode' signals that the low level of long-term interest rates will, by themselves, not be a factor pushing the Fed towards more tightening,
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Greenspan's shift to a 'don't criticize what you don't understand mode' signals that the low level of long-term interest rates will, by themselves, not be a factor pushing the Fed towards more tightening.
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It never really got consumers in the act.
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Japan is still a dawn that we're awaiting.
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Minutes from the December 13 FOMC meeting point to downside risk to our call that the funds rate target will reach 5 percent in May. Fed officials sound confident on growth, but more dovish on inflation.
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There is no group arguing that the Fed has gone too far. There is a broad consensus that if the data shows rising operating rates, further moves will be needed.
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There's very little chance of a Fed move here, but the debate on the economy is going to keep running.
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What we're seeing in the report is clear signs that manufacturing has turned. And I think it's turned pretty sharply.
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While recent hurricanes have not had lasting macroeconomic impacts, Katrina may prove to be the exception.
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