This is an extremely strong report, |
This is as upbeat a testimony as could reasonably have been hoped for. |
This is great news. These are very helpful numbers to those -- including us -- who think the Fed will not raise rates next month. |
This is slightly baffling, given that existing home sales have been strengthening, ... It may be a reflection of caution on the part of builders, who have been reluctant to keep pace with sales because of fear the market strength will not last. |
This is something of a surprise, given the relative strength of most of the regional surveys. The latter are not always a perfect guide to the national ISM but they rarely send such a clear, but wrong, signal. |
This is the first official acknowledgment that the economy is beginning to improve. |
This jump in inventories will marginally lift second quarter GDP growth expectations, ... We look for growth of between 2.5 percent and 3 percent, with inventories adding some 0.75 percent. |
This jump in inventories will marginally lift second quarter GDP growth expectations. We look for growth of between 2.5 percent and 3 percent, with inventories adding some 0.75 percent. |
This level of the ISM is not consistent with recession, |
This may mark the start of an upturn in exports, but it's too soon to be sure. |
This number comes completely out of the blue -- there has been nothing in the anecdotal or survey evidence even hinting at such a massive rebound, |
This number comes completely out of the blue -- there has been nothing in the anecdotal or survey evidence even hinting at such a massive rebound. |
This reads like they are more scared than they have been willing to admit. And that they are ready to cut rates further - maybe soon. |
This report augurs very well for the holidays. |
This report does not change the big picture, but it lifts the starting point for growth in both the first quarter and 2003 as a whole; good news, |