The housing numbers look pretty strong, but we have to discount them due to the mild weather effects. We are getting confirmations from the companies themselves about lower orders.
The inflationary implications drawn from the combination of exceptional growth and higher inflation could become more ominous when we incorporate the tightening labor market trends.
These results will reinforce the Fed's thinking,
These results will reinforce the Fed's thinking.
This is negative news and giving the market reason to pause a little. The core number is up 0.3 instead of 0.2. It's all it takes.
This may be a natural reaction to the war, but the losses are deep and spell increasing trouble for the economy if uncertainties do not lift very quickly.
Unit labor costs moving up is seen as fanning some of the Fed's concerns on inflation, but I doubt from the Fed's perspective that this changes their view very much,
Unit labor costs moving up is seen as fanning some of the Fed's concerns on inflation, but I doubt from the Fed's perspective that this changes their view very much.
We have a very healthy economy with little inflation. We could have this kind of growth for the next couple of years.
We're seeing a reduced impact from the hurricanes and we're getting back to the underlying norm. We're looking for about an 80,000 increase in non-farm payrolls in October, and it's still picking up.
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