These are spectacular numbers and confirm that the labor market is not at the moment the source of anything that could be plausibly described as inflationary pressure. |
These data again show that when people have substantial net assets, slower income growth need not kill spending, |
These data leave confidence very close to its cycle high, and completely unaffected by higher interest rates, ... Together with the rise in home sales also reported today, the data sit very uneasily with Mr. Greenspan's dovish tone last week and again today. |
These data leave confidence very close to its cycle high, and completely unaffected by higher interest rates. Together with the rise in home sales also reported today, the data sit very uneasily with Mr. Greenspan's dovish tone last week and again today. |
they strongly suggest that the trend in employment growth is slowing hard. A big drop in May payrolls may be in the cards. |
Things will likely get worse before they get better. |
This can't last as the economy slows. |
This dip in claims is unlikely to prove significant. The trend, measured by the four-week moving average, is still rising after its turn of-the-year decline. |
This does not read like a Fed where everyone is looking for a reason to stop. |
This hugely strong report will doubtless be cited as evidence that the housing market is not slowing. However, the extremely warm January weather surely distorted these data, just as it boosted retail sales and depressed industrial production. |
This increase reflects the upturn in the markets in recent weeks; any further gain in the near-term requires a further firming of stocks, |
This is a huge report. |
This is a low enough number to be interesting, but not so low that it clearly marks a favorable shift in the trend, |
This is a sign that the committee is beginning to think aloud about shifting to a more neutral position - but the forecast of significantly slower growth will have to come first, ... For now, the elevated headline inflation rate and the tight pool of available labor remain bigger concerns, so the Fed's guard is still up. |
This is a sign that the committee is beginning to think aloud about shifting to a more neutral position - but the forecast of significantly slower growth will have to come first. For now, the elevated headline inflation rate and the tight pool of available labor remain bigger concerns, so the Fed's guard is still up. |