As destructive as past storms have been, they didn't leave an imprint on the U.S. business cycle, |
Chairman Greenspan's testimony next Thursday is unlikely to shift his message to signal that a pause is imminent, ... He will probably maintain confidence that the underpinnings of the recovery are sound and that the adjustment in the manufacturing sector will not broaden. |
Chairman Greenspan's testimony next Thursday is unlikely to shift his message to signal that a pause is imminent. He will probably maintain confidence that the underpinnings of the recovery are sound and that the adjustment in the manufacturing sector will not broaden. |
Greenspan's shift to a 'don't criticize what you don't understand mode' signals that the low level of long-term interest rates will, by themselves, not be a factor pushing the Fed towards more tightening, |
Greenspan's shift to a 'don't criticize what you don't understand mode' signals that the low level of long-term interest rates will, by themselves, not be a factor pushing the Fed towards more tightening. |
It never really got consumers in the act. |
Japan is still a dawn that we're awaiting. |
Minutes from the December 13 FOMC meeting point to downside risk to our call that the funds rate target will reach 5 percent in May. Fed officials sound confident on growth, but more dovish on inflation. |
There is no group arguing that the Fed has gone too far. There is a broad consensus that if the data shows rising operating rates, further moves will be needed. |
There's very little chance of a Fed move here, but the debate on the economy is going to keep running. |
What we're seeing in the report is clear signs that manufacturing has turned. And I think it's turned pretty sharply. |
While recent hurricanes have not had lasting macroeconomic impacts, Katrina may prove to be the exception. |