57 ordspråk av Patrick Fearon
Patrick Fearon
It's a good sign that the consumer has some momentum going into the start of the year and that probably reflects the fact that the labor market is continuing to improve, albeit modestly. It's a positive for economic growth this year.
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It's an encouraging sign, but of course we have a long way to go before you would say that the consumer is very optimistic.
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It's certainly lower than expectations so in that sense it was a disappointment, but the key thing is that this is still appreciably better as a growth rate than the long-term average, which is only about 3 percent,
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Manufacturing in broad terms is enjoying a very robust period even if certain sub-industries are struggling. It's probably another piece of evidence that the Fed could potentially be raising interest rates after the May 10 monetary policy meeting.
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People who are unemployed are finding it relatively easier to find jobs. All around, it's a pretty good situation for the labor market.
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So despite the indicator today, the report for February might not be quite as strong as this is suggesting.
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Spending was up, a little weaker than expected... Nevertheless, the trend has been upward and it looks like the consumer is still in the ballgame in terms of supporting economic growth.
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That would support the idea that the Fed can stop raising rates soon.
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The 1.9 percent December year-over-year rise in the core personal consumption expenditure index reflects a stable and modest inflation rate. That would support the idea that the Fed can stop raising rates soon.
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The core PCE price index is a calming influence on the bond market, ... Inflation so far has far not gotten out of hand.
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The core PCE price index is a calming influence on the bond market. Inflation so far has far not gotten out of hand.
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The drop in continuing claims could be a sign that the unemployment rate could start drifting downward.
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The drop in jobless claims is a darn good number. A number in the range of 325,000 to 350,000 is a level that is more consistent with healthy economic growth,
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The drop in jobless claims is a darn good number. A number in the range of 325,000 to 350,000 is a level that is more consistent with healthy economic growth.
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The fact that (core inflation) has been on a downward trend for two months is more evidence that Fed policy-makers might stop raising interest rates sooner rather than later.
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