Drew Matus
Drew Matus
fed ferguson looking role sure top
Ferguson is very operationally oriented. I think that's a role the Fed needs, but I'm not sure that's what administration is looking to put into the top spot.
confidence consumer improvement labor suggest
Something boosted consumer confidence and I would suggest it's an improvement in the labor market.
based current employment focus habit report week
The current focus going into the employment report this week has much more to do with habit than anything based in reality.
continued economy employment expand move near orders strength
Between the move in the employment index and continued strength in new orders it suggests that the economy should continue to expand in the near term.
despite driven fact growth imported seems sets stage weaker
Despite the fact that we had a lot of consumption, it seems to be driven by consumption of imported goods. That also sets stage for weaker growth going forward.
core growth inflation though
Growth is strong. Inflation is making them a little nervous, even though they reiterate that core inflation and long-term inflation expectations are contained.
labor market plenty point room sign
There's no sign of inflation, and the labor market is still weak. There's still plenty of room from the Fed's point of view.
aggressive clear fed near raising rates seen terms
This is as aggressive as I've ever seen for the Fed in terms of making clear that they're raising rates and that they're not near being done.
biggest concern default everybody people treasury understand
Nobody's going to default in the U.S. Treasury market. The biggest concern I have is that not everybody understands that, and some people understand it better than others.
actual bit developed economy fed few hike income inflation last payroll pressure rate strong
I think if you look at the way the U.S. economy has developed over the last few months, you still have strong payroll growth, you've got a little bit of inflation pressure and you have very strong income growth. So the actual economy is not all that different from when the Fed started its rate hike cycle.
basically criticism temper
Once a person is appointed, they are basically independent. If you're president, you want someone who would temper their criticism of you.
growth income labor market outlook overall remain strong
With income growth strong and the labor market set to tighten through 2006, the overall growth outlook should remain robust.
basically confidence consumer cut ensure expecting markets mention numbers spending
We're expecting him to mention consumer confidence numbers and consumer spending numbers and to come out and say we need to ensure that consumer confidence is bolstered. We're expecting him to come out and basically let the markets know to expect a cut in March.
ball consumer game playing says
This says the U.S. consumer is still in the ball game and playing like a champion.