Chris Rupkey
Chris Rupkey
easiest treasury
This is not going to be the easiest Treasury refunding sale.
anecdotal consumer core costs despite energy far fed prices rising signs smoke
As far as energy prices and core consumer prices, so far it is all smoke and no fire. Rising energy costs have not yet fed into the costs of other goods, despite many anecdotal signs that prices are being impacted.
budget budgets number quite
This budget number is way out there; it was quite a shock.
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There is considerable momentum here that will not be easily slowed. This economy is strong, and it is likely to surprise on the upside.
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Higher energy prices are not providing any big headwinds for the economy and inflation remains very contained,
buyers days eager evidence expected fresh homes lock market mortgage rates taking trend
Buyers may be eager to lock in rates now as mortgage rates are expected to trend higher. Many homes go on the market in the first days of spring, and this is the first real evidence that buyers are taking a fresh look at the market.
cars certainly consumer keeping pivotal quarter seem spending starting turning wheels
Cars seem to be pivotal in keeping the wheels of consumer spending turning and certainly this quarter is starting out with a thud.
consumer fears gasoline higher home oil prices rise spending
consumer spending has not been dented by the hurricane-inspired rise in gasoline prices and fears of higher home heating oil bills.
cash consumers continued economy expansion hear holiday hope means next optimistic period retailers ringing sales
Consumers are more optimistic during this holiday season, and retailers hope this means that they will hear the ringing of cash registers in what has been a lackluster sales period so far. This augurs well for a continued expansion of the economy next year.
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It suggests that the industrial production setback reported for June is unlikely to last and that production geared up the very next month.
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Stock losses are giving bonds some juice this morning; we're back to feeling that the economy is weak and that bonds are a buy here.
indicate reading softer
It may come down to 59.5. This reading would not indicate a softer economy.
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It may be just a matter of time before the public's inflation expectations start to rise. Commodity prices are soaring.
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It's going to be volatile. The odds for a rate hike in June will go back and forth for the next couple of months.