John Shin
John Shin
below change claims expectation fell though
This doesn't do anything to change the expectation for payrolls tomorrow, even though it is eye-catching that claims fell below 300,000.
costs expecting inflation kick pressure wage
Inflation costs have been pretty moderate, but we are expecting wage pressure to kick in by the end of the year.
basis continuing fed funny keeps number pause points quickly raising sentiment soon track
It's pretty funny how quickly sentiment can swing, but I think it's too soon for the Fed to pause (in raising rates). This morning's number keeps the Fed on track continuing 25 basis points (quarter-point) hikes.
amount coverage disaster enormous katrina reflect
It really does reflect the enormous amount of coverage of the Katrina disaster.
broad cooling housing noisy painting picture
The index is noisy on a week-to-week basis, but it is painting a broad picture of a cooling housing market.
affected auto chicago generally lower number reports sales sector
The Chicago number is generally more affected by the auto sector and you do have reports of lower auto sales down from July's gangbuster numbers,
both economic fairly growth near outlook overall solid tells
From an economic perspective, it tells us that we are still having a fairly solid growth in both manufacturing and the overall outlook in the near term.