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...
carrying continue expect federal funds growth inflation march rate rise send
We continue to expect two more rate hikes, on March 28 and May 10, carrying the federal funds rate to 5 percent. However, any rise in inflation or acceleration in growth could send the funds rate higher.
continue expecting oil prices
We're expecting oil prices to continue to come down. They're now about $60. We expect to be down around $50 by the end of the year.
affects concerned continue economy fed hikes june pause pointing problems rather toward year
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.
computer continued disturbing example line looks rebound sort strength weakness
It looks sort of in line with expectations, with some strength -- for example a rebound in communications and machinery, but also some disturbing continued weakness in the computer sector.
financing growing large seem trade trouble
We don't seem to be having any trouble financing our large and growing trade deficits.
consumer rest spending
Other than autos, the rest of consumer spending is doing OK.
pick point
To me the point for the administration in this pick is getting this over with quickly.
good numbers run
We can't run econometric models. The numbers aren't good enough.
question
The real question is not what he does, but what he says.
bigger both expected fact lifted looking november pain revise
We had expected to see a bigger rebound. On the other hand, some of the pain is lifted by the fact that they did revise up both November and December, so things are still looking pretty good.
capacity deal spare
There is just no spare refining capacity around to deal with these losses. We don't have any cushion.
coming gains historical settling standards strong
Usually coming out of a recession, you get a real spurt in productivity, which we got, but now things are settling down to what by historical standards are still very strong gains in productivity.
gas money pump spend
Fundamentally, money you spend at the gas pump is money you don't have to spend at the mall.
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.