Christopher Low
Christopher Low
abysmal consumer deeply half suggesting
These are abysmal numbers, suggesting a deeply pessimistic consumer in the first half of September.
ongoing scary
You can see this clear, ongoing deterioration. And what's scary about this is it's still accelerating,
expect fed funds hike percent statement today
Like everyone else, we expect a quarter-point hike in fed funds today to 4.75 percent -- we also expect the statement to be softened.
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.
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.
testimony tone took weeks
It's the same tone that he took in his testimony two weeks ago.
hopefully lose
In today's market, everyone is a Fed-watcher. Hopefully we will not lose any transparency and will lose some of the volatility.