Drew Matus
Drew Matus
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.
activity housing
The long awaited drop-off in housing activity may have started.
bonds bought breathing few people relief sigh
People are breathing a sigh of relief and bought a few bonds and stocks. Everyone plays, everyone wins.
economists margins oil picking prices risk squeeze
The risk is that there's something that economists aren't picking up. As oil prices go higher, firms see margins compress and that could put a squeeze on hiring.
closely comments speeches watched whose
His speeches are well thought out. After Greenspan, he's the one whose comments are most closely watched by the markets.
benign bring fed feeling inflation mean meeting next people pervasive talks
If we get more inflationary data, that could bring people back to their senses. Just because the Fed talks about inflation in a benign way one meeting doesn't mean that feeling will be pervasive at the next meeting.
ammunition fed gives keeps middle people raising rates trying walk
The Fed keeps trying to walk the middle course, and unfortunately that gives ammunition to people who think the Fed should be raising rates more and ammunition to people who think the Fed should be done.
looking people star
His star is shining. People are looking to him as an unofficial chairman.
cause economy fed looking pressure raising stop
Looking ahead, we can't see what is going to cause a downturn of enough significance to take inflationary pressure out of the economy and cause the Fed to stop raising rates.
delayed draw fed focus nobody
I don't think this is going to draw much in the way of the Fed's attention. It was delayed for some time, and nobody from the Fed was complaining. They don't focus on it.
current measured moving pace prudent ratify seems stance
I think what this does is ratify the Fed's current stance --- moving at a measured pace seems to be the prudent course.
accelerate areas economy keeps labor market others
All told, we have more of the same. The economy is going to accelerate in some areas and decelerate in others and the labor market is going to be the one that keeps getting squeezed.
fed position puts raising
It puts the Fed in a position they probably don't want to be in, but they'll have to keep raising rates.
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.