Alan Ruskin
Alan Ruskin
bought found good inflation lucky numbers officials position rate time
I think (Fed officials have) found that they're in a lucky position where the inflation numbers are good enough that it's bought them some time (to postpone rate hikes),
adding consumer either energy far goods producer quite rather sign
Quite clearly, energy is still adding to consumer prices, but everything else is rather subdued, ... As far as goods are concerned, either at the consumer or producer level, their is no sign of inflation.
clearly economy good head hurricane steam
Clearly the economy had a good head of steam on it right through the hurricane period.
certainly equation far future good goods inflation pipeline side sign
It's certainly a good sign as far as future pipeline inflation is concerned, ... The goods side of the inflation equation is very encouraging.
august backlash durable goods july past pattern relatively seen september strong weak
It is not a big surprise, some of it is kind of a backlash to this saw-tooth pattern that we have seen in durable goods in the past -- July was weak and August was very strong and now September is relatively weak.
attention clearly data dollar expect fed giving market quickly shift
While the data is clearly dollar positive, I would expect that the market will quickly shift back to the attention it is giving to Fed policy.
below headline jobs looking maybe numbers obviously plenty scratch sector slightly stronger weakness
Some of the headline (jobs) numbers maybe look slightly stronger than expected, but when you scratch below the surface, you find there is still plenty of weakness out there, ... Obviously the manufacturing sector is looking as weak as ever.
feels fresh require
It feels to me it will require something fresh to really get it going again.
data edge fed fodder provides
The data will keep the Fed on edge and provides fodder for the Fed hawks.
certainly data encourage fed views
The data will certainly encourage views of a truncated Fed tightening cycle.
correct data encourage fed inflation looks tend views
The data should tend to encourage views that the Fed is correct and that inflation looks to be contained.
asset change surprise
Would it surprise me that they would change their whole asset allocation dramatically? That would be more surprising.
change dollar fact guard mere per presidents seen snow
I don't think per se jettisoning Snow would be seen as dollar negative. The mere fact that we've got a change of guard isn't necessarily dollar negative. These things happen. Presidents do change personnel.
cut forthright future interest rates seeing seems
He seems to be more forthright in seeing a willingness to cut interest rates in the future than expected, ... It is uncharacteristically blunt.