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.
change core focused inflation looking sign
There is no change for the Fed. They are more focused on the real economy. They are looking for any sign that core inflation is going up.
avoiding control fed greenspan inflation kept major successful tenure tight
Greenspan has had the most successful tenure in Fed history. He kept inflation under very tight control while avoiding any major recessions.
bit federal good impact increase inflation news percent possible raise rates reserve worried
We did see a bit of acceleration in wages. We were up 0.4 percent in January. That may be good news for the workers, but it is something that is going to make the Federal Reserve a bit worried about the possible impact of inflation and may increase the probability that they're going to raise rates again.
backed bigger break energy gotten harsh inflation katrina oil prices rise risk
There is a risk that energy could break out into a bigger inflation problem. We have gotten through Katrina and oil prices have backed off a bit, but there is a risk that if we have a harsh winter, energy prices will rise again.
core inflation leaking rate
It's not leaking into the core inflation rate as it did back in the 1970s.
creeping inflation worried
They like inflation where it is now. But they're worried that it's creeping up.
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.