Joshua Shapiro
Joshua Shapiro
compared hard imports large near rate slow term
It's going to be hard in the near term to do anything more than slow the rate of deterioration in the deficit. Imports are just too large compared with exports.
bad bonds good high maybe people solid
It was a good solid number, maybe not as high as some people were hoping, and not as bad as bonds had feared,
basis knew market stock virtually
It was 25 basis points, everyone knew that, and so there's virtually no stock market reaction,
considered current damage dated effect energy extent focus hurricane information lasting nature report therefore trade
The information in the report is considered dated because the current focus is on the extent of the damage to the nation's energy and trade infrastructure and therefore on the lasting nature of the effect Hurricane Katrina.
aggressive business consumer effort energy fail higher largely pass prices proves strapped
An aggressive effort by business to pass through higher energy prices will probably largely fail as an increasingly strapped consumer proves resistant.
amount decent economy momentum seems
The economy seems to have a decent amount of momentum at the moment.
doubt enticing function greater homes january mostly normal numbers record warm weather
The January blowout was no doubt mostly a function of record warm weather enticing shoppers out of their homes in much greater numbers than normal for the month.
basis message nearly points raising trying
I think they are trying to say that they can still do their tightening 25 basis points at a time, but they still have a long way to go in raising rates. Essentially, the message is, 'if you think we're nearly done, think again'.
economic federal finally interest labor last market maybe next number people piece raise rates reserve
If you get a big number next week, people will say great, the labor market is finally recovering, this is the last piece in the economic recovery, ... But they'll also say, well maybe now the Federal Reserve will raise interest rates sooner.
bets capacity damage gasoline higher powerful prices stay storm wait
It's a wait and see. If we get another powerful storm that does damage to refining capacity in particular, I think all bets can be off if gasoline prices will go higher and stay there.
best both stock suggesting worlds
It's really suggesting the best of both worlds for the stock market. What's not to like?
consumer core fed focusing growth inflation labor lately level news quite side stage
The Fed isn't going to get exited about inflation in the labor market. At this stage they are focusing on core inflation at the consumer level and growth. Certainly, the news lately on the growth side has been quite good.
fed feeling improving labor march market months numbers people raise rates several start strong until wait
The Fed is not going to raise rates right away, even if the March numbers are really strong. They are going to wait until they get several months of very strong numbers, and for people to start really feeling that the labor market is improving before they raise rates.
close coming data eye fed keeping wage
The Fed will be keeping a close eye on wage data in the coming months.