Christopher Low
Christopher Low
despite higher home interest remained sales strong
Home sales have remained surprisingly strong despite higher interest rates.
anecdotal evidence national none numbers plenty regional shown
It's a big surprise. There has been plenty of anecdotal evidence of regional weakness, but none of the national numbers have shown weakness.
curve powerful shape yield
The yield curve is a really powerful indicator. It always has been. The shape of the curve still matters.
ongoing scary
You can see this clear, ongoing deterioration. And what's scary about this is it's still accelerating,
job market
The job market was lousy, now it's been upgraded to good.
consumer economists revise slightly spending weaker
It is going to make economists slightly revise down first-quarter GDP, which they already did with the weaker consumer spending number.
testimony tone took weeks
It's the same tone that he took in his testimony two weeks ago.
fed home nice taking
It's nice to know that the Fed is taking (exotic home loans) seriously,
economists either expecting fed further inflation judgment might remove risks toward warning
Economists were expecting that the Fed would either remove the warning about asymmetric risks toward inflation or judgment that further tightening might be necessary. Of course, the Fed did neither.
chance fairly good growth half next second slow
There is a good chance in the second half of next year, we see growth slow down fairly dramatically.
again wait
They tighten again in May and then they wait and watch.