Dean Maki
Dean Maki
economies foreign further likely reverse strength though trend
Even though foreign economies are strengthening, it won't be enough strength to reverse the trend in trade, and we're likely to see further deterioration.
affected areas claims drop economic effects hurricane labor market remain spreading starting weakness
Labor market weakness isn't spreading from the hurricane- affected areas to other areas of the country. We are starting to see hurricane-related claims drop off, and more important for the economic outlook, jobless claims excluding the hurricane effects remain low.
bolster economic economy-and-economics months
Inventories will be rebuilt for some months to come and that will bolster economic growth.
consumers continue decline gasoline job market normal pace prices retail seem
Consumers are benefiting from the decline in retail gasoline prices and that should continue going forward. The job market does seem to be improving, or at least getting back into a more normal pace after the hurricanes.
begun change housing indicate picture report robust slow starts
The report does not change the picture of robust housing starts in the first quarter, but it does indicate that starts have begun to slow notably from the weather-driven January-February surge.