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),
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.
above consistent economic growth numbers payroll
Non-farm payroll numbers of over 300,000 are pretty much consistent with economic growth of about 4 percent, (and) that's way above trend,
earnings fear front numbers obviously running soft sway wage
The hourly earnings numbers are soft obviously in January, but if you look at it on a three-month trend, in fact, you still find hourly earnings running at something like a 5-percent annualized rate. So I don't think that's going to sway the Fed's fear on the wage front completely.
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.
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.
comments economy included none range
(Greenspan's) comments on the economy regaining traction included a range of examples, but all of them have caveats attached, and none are that convincing,
bond higher might pattern provide resolved terms trading
To some extent, the bond market's trading pattern has not been resolved of late. This might provide some resolution, and I think it is going to be resolved in terms of higher yields,