Joseph LaVorgna
Joseph LaVorgna
above economy matter monetary policy rate trend
The economy could get back to an above trend rate this quarter, and that is what will matter to monetary policy makers.
bid bonds fed finishing maybe rate talked toward
The Fed is toward the end of its rate hikes. Equities and bonds got a bid because the Fed talked about maybe finishing its tightening.
both continues existing factory fast further grow healthy increases industrial production sector
The factory sector continues to grow at a fast rate, probably further absorbing existing capacity. We look for healthy increases in both industrial production and factory usage.