They (consumers) are largely tapped out. |
They (consumers) are largely tapped out. When interest rates start to go up, the perception of the economy goes down for average consumers. |
They're faced with what is probably a moderation in growth, but a slow acceleration in inflation. The question is, where does inflation go from here? I think that will be the driving factor, because I don't think growth is going to stay this slow. |
They're giving a few more dollars to people who have home equity credit lines, which is really about the only place left where the Fed is helping. We're really not talking about a whole lot of impact. |
They're going to say they're carefully watching the issues in the equity markets and are prepared to act if necessary, but right now the risks remain balanced, |
This is it for the major data this year and only the window-dressers will likely care. And their moves are for show and dough, not for fundamental reasons. |
This is somewhat consistent with the view at their last meeting that things were slow, ... They're sending the word that they're still worried about weakness and that their bias is going to stay there. |
This level of growth should lead to a further tightening of the labor market and that could power faster wage gains. |
This report tells the Fed to watch out. |
This was a very solid report. The labor market is firming and workers are beginning to see their wages improve. |
Though the rise in consumer demand was not great, the strong increases in big-ticket items indicates that households are still confident and willing to spend, |
To put it mildly, durable goods orders have been all over the map but the trend appears to be slowing. |
Today's statement makes it clear that the monetary authorities truly believe they are in an extremely aggressive policy stance. And if they do feel that way, you can be sure they will feel the need to unwind that aggressive stance rapidly when growth does return. |
Trade will be restraining growth. |
Unfortunately, wages grew by less than that pace, which explains why spending has begun to tail off. |