The Fed will be more upbeat, but there's still a long way to go before they make any move. This economy is just beginning to really grow. Until we get real job creation, there will be no inflation worries -- and we're not there yet. |
The manufacturing side of the economy has been contracting for a couple of months in a row, and the rate of decline has accelerated. That's pretty scary. The odds of a cut are 90 percent, and I'm not ruling out the chance there will be a cut between [policy] meetings. |
The number was a little higher than expected. I think the market will like it, but we are still talking about no growth here, and the trend is clearly down. The market is going to interpret this at first favorably, but a more rational interpretation is that it is pretty darn weak. |
They still feel there's enough activity in the economy that they don't need to cut yet. Come November, if things are still as sluggish as they seem to be, they'll have to do something then. |
They wanted to give themselves some flexibility, which they didn't have with that language. |
This is not good news. That should take the punch bowl away for today. |
This is one of those numbers that can kind of go either way. It means factories are producing more than they would have been, but if sales don't show up, then they have to pay it back. There's always the chance that doesn't happen. |
This is very good news from an inflation standpoint. I think it helps bonds because low inflation is good for bonds. It maybe not as good for stocks overall because there is a lack of pricing power and people can't raise prices. It will make the Fed less likely to raise rates. |
This is what the Fed wants, they want housing to slow -- that is the place where they can most effect wealth creation and spending. The Fed is that much closer to being done. I think they are done after next week. |
This shows the economy is still doing fine but is not out of control. |
We need a game plan to deal with Iran. |
We were right on the cusp, and I think this pushes us over the edge. But I do think it will be shallow and short. |
We will get well into the second quarter before the job situation really starts to improve, ... That's typical of recoveries; it takes a couple of quarters before the labor market starts to turn around. |
We will get well into the second quarter before the job situation really starts to improve. That's typical of recoveries; it takes a couple of quarters before the labor market starts to turn around. |
We're not talking about adding 300,000 jobs, which is what you get when things are really going well; we're still a long way from that. I don't think it's an issue at all from an inflationary standpoint. |