82 ordspråk av Drew Matus
Drew Matus
[The data] came right in [line with] what the Commerce Department was estimating, and it won't have any impact on the GDP equation.
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A sizeable two-month decline in new home sales likely means that the long-awaited move back toward a more sustainable rate of housing activity has begun.
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All told, we have more of the same. The economy is going to accelerate in some areas and decelerate in others and the labor market is going to be the one that keeps getting squeezed.
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An extraordinarily weak figure for August. As a result, we are lowering our Philadelphia Fed survey forecast to 18.0.
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Between the move in the employment index and continued strength in new orders it suggests that the economy should continue to expand in the near term.
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Could there have been an impact from the storm? Yes. Can we quantify it? No.
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Despite the fact that we had a lot of consumption, it seems to be driven by consumption of imported goods. That also sets stage for weaker growth going forward.
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Despite the modest decline, the other indices released within this report suggest more strength than does the headline.
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Don Kohn is the closest thing to a Greenspan clone that modern science has produced.
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Ferguson is very operationally oriented. I think that's a role the Fed needs, but I'm not sure that's what administration is looking to put into the top spot.
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From his comments, it is clear that the US Fed will keep raising rates, hoping to bring the housing market to a very soft landing.
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Given that the risks to our forecast are probably to the upside, even if we take a tenth of a point away [due to inventories], it's probably best to leave the forecast sit [at 6 percent].
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Growth is picking up in the labor market. People are returning to work, working longer hours and making more money. This shows that the economy is healthy. Fears of a soft patch were overblown.
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Growth is strong. Inflation is making them a little nervous, even though they reiterate that core inflation and long-term inflation expectations are contained.
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Growth was lower than expectations because of inventories -- which will need to be rebuilt -- while moderating employment costs will make it less costly for firms to hire additional workers. The still-strong level of wage and salary should buoy consumption.
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