This report indicates manufacturing is continuing to rebound from the Asian crisis, which is exactly what the Fed expects. |
This report is much stronger than it first appears. |
This report is much stronger than it first appears. If Feb [employment report] is broadly similar, a March 28 hike is assured. |
This report is stronger than it looks and is consistent with the industrial recovery gathering pace, |
This report muddies the policy waters, |
This report will leave the markets still pushing for a Fed ease...but perhaps with a bit less conviction, ... It is still not a done deal. |
This strongly suggests that core finished goods' prices will slow over the next few months, |
This testimony did not give the impression that he is in a great hurry to cut rates immediately. |
This will doubtless shock the markets, and makes an October rate cut more likely, but it does not change the outlook for a near-term recovery, ... Falling employment, rising unemployment lag activity. These numbers reflect the second quarter economic stall. |
Unfortunately, at current levels, and coupled with the extraordinarily low level of labor demand, the claims numbers are still consistent with flat or falling payrolls and a rising unemployment rate. There's no real relief in sight here yet. |
We are not forecasting a recession, but there is some truth to the notion that negative news can be a self-fulfilling prophesy. If companies expect demand to slacken, they scale back production. And if consumers expect doom and gloom, they scale back spending. That's just the way it works. |
We believed the underlying level of claims peaked in the spring. This suggests that they may now genuinely have begun to decline. |
We doubt [the] October data will be that strong, but it will not be long. The final element of the recovery is falling into place. |
We doubt that this report unambiguously points to slower growth ahead -- but it does mean no rate hike on the 22nd, |
We doubt that this report unambiguously points to slower growth ahead -- but it does mean no rate hike on the 22nd. |