That ex-auto number is really what's been pushing the market back today. That could force some more upward revisions to the third quarter GDP forecast. |
That weakness on the claims front is offsetting the durable impact. |
That will be a big double-whammy, the one-two on Friday. It's not the day to take off work. |
The big inflationary news will be next week's CPI. It's a much broader price measure and gives you a much better look at price movements in the economy. |
They've given all this extremely confusing talk about unconventional methods over the past few months. There's substantial work to be done on the whole communication issue over there. |
This is a number you're not supposed to pay attention to in the summer. |
We'll get a big upward push from tobacco and from energy prices, and we'll see the same type of things when the CPI comes out next Tuesday. |
With signs of things looking a little better, those expectations have diminished. |
Yeah, the rate held steady, but all the payroll stuff is extremely weak. To have 357,000 down and 108,000 down back to back is definitely a concern. |