Joseph Abate
Joseph Abate
This article is about current and past members of the Lucchese crime family...
activity appears auto month production region start suspect
Manufacturing activity in the region appears to have cooled off. We suspect it will be another month or two before auto manufacturers start ramping up production to replenish sales-depleted inventories.
alert capacity economy economy-and-economics employment fed full high increase keeps sign
The increase in capacity utilization is another sign of an economy approaching full employment of resources. This keeps the Fed on high alert for inflation.
claims continuing data growing improve jobs labor market rate telling
The claims data are telling us that the labor market is continuing to improve and growing at a rate of about 200,000 jobs a month.
additional boost confidence declines earnings further improvement likely overall rate
Further improvement in earnings and additional declines in the unemployment rate is likely to boost overall confidence and keep consumption strong.
depressing expensive gasoline increase prices prospect winter
The increase in gasoline prices and the prospect of a long, expensive winter is depressing sentiment.
capacity continued excess expect labor left pressure
With little excess capacity left in the labor market, we expect continued upward pressure on wages.