Gary Thayer
Gary Thayer
anticipate fed good hold inflation news people stay
We got good news on inflation. People anticipate that with inflation still very low, the Fed will stay on hold for awhile.
appears concerned cooling existing holding homes housing market
It appears that the market for existing homes is holding up better than the market for new home sales. We are still concerned about the housing market cooling off.
consumer despite energy holding market prices rising spending
Energy prices are dropping, and consumer spending is holding up despite rising unemployment . These are encouraging things the market is recognizing.
concerned dollar factor firm foreign good hold investors line money policies stay time wanting
He's mentioning that the dollar should stay firm and that's been a good factor for our economy. He's been concerned for some time about foreign investors wanting to keep their money here and if we keep our policies in line that should hold for a while.
bias fed hold level low maintain policy rates steady toward
The Fed will probably hold rates steady at a low level as long as they can. And I think as long as the unemployment rate is rising, they'll maintain a policy bias toward weakness.
dealing economy fed feet focus gasoline high hold jobs katrina lost overlook policy prices resulting shock steady strength until
The Fed will overlook the strength in the economy before Katrina and focus more on getting the economy back on its feet and probably will hold policy steady until we see how the economy is actually dealing with the shock of lost jobs and high gasoline prices resulting from Katrina.
close peak
I think we're close to a peak in the unemployment rate. The upswings in manufacturing and non-manufacturing show we're close to it now.
close peak
I think we're close to a peak in the unemployment rate, ... The upswings in manufacturing and non-manufacturing show we're close to it now.
cause concerned economy healthy heat inflation pressure road somewhere trajectory
I think what he's concerned about is that the economy is on a good, healthy trajectory and if we do see some upward pressure on inflation somewhere down the road that that could cause the economy to heat up a bit.
bit confidence healthy high pull saw year
Overall, confidence is still at a healthy level, up from where it was a year ago, but we did pull back a bit from the three-year high that we saw in June.
buying consumers
It does show consumers are in a buying mood,
consumers employment happening negative possibly situation taking
It is encouraging that consumers are taking the negative things that are happening recently. Possibly the employment situation is outweighing other concerns.
orders weakness
Manufacturing is expanding, but not as broadly as in November. There was weakness in new orders and employment.
australian crude demand early looking oil peaked time zealand
Looking back, it is understandable why the Australian and New Zealand currencies peaked in early 2005. That was about the same time that the demand for crude oil also started to moderate.