David Wyss
David Wyss
David Wyss is an American economist. As New York-based Standard & Poor's chief economist, Wyss was responsible for S & P's economic forecasts and publications. He also coauthored the monthly Equity Insight and the weekly Financial Notes. He was on the board of the National Association for Business Economics, Washington, D.C...
chances change fed hike increases less mean rate statement
This may mean less change in the Fed statement on Tuesday, and increases the chances of a rate hike in March.
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Energy is the big wild card. We just don't know where prices will be. It will be a question of how fast oil refineries and oil pipelines comes back.
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I don't see how we can avoid taking a hit and it will be coming right as we move into the Christmas buying season.
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It is rather encouraging that the Fed is pointing toward a pause after the May hike. A lot of us were getting concerned that the hikes would continue into June and August. And one of the problems is that what the Fed does now affects the economy a year from now.
easy markets might start thinking wants
I don't think he wants the markets to start thinking about the things he might change. I think he wants to take it easy at first.
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People see energy prices going up and they get a little worried about what they can afford to spend money on.
continuing gains rich top wealth
This is the continuing story of the rich getting richer. Clearly, the gains in wealth are going to the top end.
gas money pump spend
Fundamentally, money you spend at the gas pump is money you don't have to spend at the mall.
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Your next European vacation is going to cost a lot more, and you're going to see lot more European tourists running around New York.
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Consumers are spending their little hearts out. We are doing pretty darn good.
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Because they've got the employment, the people go there. It's a virtuous circle. It works in the right direction.
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I don't know whether he's going to have much input, but it would shock me if he didn't have some. He's talking to the people at the board who are writing this stuff and making sure that things look sensible -- something that he can live with.
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After September, it was positive for most of the economy except for tourism. Things like car sales came back very quickly. GM and Ford got really scared about sales so they cut prices.
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The leading indicators are telling us that we have got a slowdown because of the disruption from the hurricanes, but it is not as dire as the September drop would suggest.