Cary Leahey
Cary Leahey
banking bond component consumer dropped expected fact gain housing increase market next offset orders paid prices related strength weakness year
The increase in orders is particularly welcome. The bond market may like the fact that the prices paid component dropped 11 points, reversing most of the big gain in November. Analysts are banking on strength in manufacturing next year to offset some of the expected weakness in housing related consumer demand.
eyebrows inflation january kinds market raise report wage
These are the kinds of things that raise eyebrows at the Fed. The implication that this January report has for wage inflation is bothersome to the market and the Fed.