Brian Fabbri
Brian Fabbri
beginning confidence consumers continue gasoline happy less leveling move price prices
So consumers feel happy but they are beginning to become a little less happy about gasoline price increases. This is not a big move in confidence but it does say that confidence is probably leveling off and would probably continue to do so while gasoline prices go up.
comfort data fed growth inflation keeping mean message options solid top zone
The message of solid growth and inflation at the top end of the comfort zone may mean that the Fed is keeping all its options open, but that more tightening 'may' be required, and that the data will decide.
along consistency consistent data degree economic economy jobs moving number quite refreshing rest shows
There's a refreshing degree of consistency. The number of new jobs is consistent with the rest of the economic data that shows that the economy is moving along quite strongly.
almost best increased labor offset possible reminds technology terms themselves tight
This is almost the best of all possible worlds, where labor is making money, and yet corporations have been able to offset that with productivity, and keep it themselves in terms of profits. It reminds everyone of the important contributions technology has been making to increased productivity in tight labor markets.
economy economy-and-economics firing guns seemed third time
All guns seemed to be firing at the same time for the economy in the third quarter.
clearly disturb fed guess markets move next took
The markets have clearly responded to Greenspan's testimony. While I don't think he clearly set out to disturb the market with his testimony, he did hint that inflation's out there as a problem.... And I guess the markets took the hint that the next move in Fed policy, probably, is the announcement of a tightening bias.
clearly disturb fed guess markets move next took
The markets have clearly responded to Greenspan's testimony, ... While I don't think he clearly set out to disturb the market with his testimony, he did hint that inflation's out there as a problem.... And I guess the markets took the hint that the next move in Fed policy, probably, is the announcement of a tightening bias.