Brian Fabbri
Brian Fabbri
bit cool electric output utility
Electric utility output was down a bit because we had such cool August, but otherwise, manufacturing was pretty hot.
christmas likely season spending
Christmas spending this season is likely to outperform most analysts middling expectations.
fairly production
Production should be up, and it should be up fairly strongly,
adds change fed fifty interest june maybe point power rate stand starting
It adds a little more power to yesterday's wording change in the Fed statement. Fifty (basis point interest rate hike) is coming, maybe not in May, but June is really starting to stand out now.
activity confidence consumer declines estate eventually lead slower spill
Declines in the real estate activity will probably spill over into consumer confidence and eventually lead to slower spending.
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.
beginning bit consumers finally gasoline higher sentiment
Sentiment is finally beginning to show that consumers are getting a little bit unnerved about higher gasoline prices.
deter economic growth hike intended pause policy quarter rapid
Rapid economic growth in the first quarter will not deter (the Fed) from their intended pause in tightening policy after another hike in the May meeting.
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.
awful companies cost cut final goods manifest margins numbers pressures prices profit unless ways
There are an awful lot of cost pressures in the system. While they may not be manifest in final goods prices just yet, the numbers tell you that, unless companies find new ways to cut their costs, profit margins are going to be squeezed.
came domestic doubt economy equity expecting numbers prepared rally street worst
There is no doubt that the street was expecting the worst and they were prepared for the worst. Once the numbers came out a rally ensued and it trickled over to the equity market... The domestic economy is just honey.