Constraints in labor markets generally result in higher inflation, which would be met by a prolonged rate-hiking campaign by the Fed. |
forecasting on hopes, rather than what the data says. |
History tells us that the Fed has always overshot its tightening goal -- central bankers like to know the cork is firmly implanted in the bottle so that the inflation genie doesn't sneak out. The worst thing a central bank can do when fighting inflation is fall behind the curve. Therefore, we are fairly comfortable with our Street-high estimate. |
I don't necessarily think it'll be a knockout punch, but it'll deliver a blow to economic growth in 2005, |
I don't necessarily think it'll be a knockout punch, but it'll deliver a blow to economic growth in 2005. |
I think the tide is turning in favor of the employee or job seeker versus the company. |
I think the tide is turning in favor of the employee or jobseeker versus the company. |
If anything is going to trigger an increase in prices down the road, it's $65 a barrel oil. |
If you look at economic data we've received since the beginning of the year, it's been definitively lower than consensus expectations in most cases. |
It appears as if every company doing business in the Southeast will jump on the Hurricane Frances, Charley and Tropical Storm Gaston bandwagons for their weaker third-quarter performance, |
It appears as if every company doing business in the Southeast will jump on the Hurricane Frances, Charley and Tropical Storm Gaston bandwagons for their weaker third-quarter performance. |
It'll be onward and upward for the Fed's tightening cycle, |
It'll be onward and upward for the Fed's tightening cycle. |
It's Big Ben vs. Gentle Ben. |
It's more important what investors believe, because those people are willing to put their money on the line like that. |