Keith Hembre
Keith Hembre
equally goods historical initially lower nature pattern purchases roughly savings shocks
The historical pattern is for shocks of this nature to initially be absorbed roughly equally between lower savings and lower purchases for other goods and services.
overall surprises
Overall there are not a lot of surprises here.
boosts cement chance fed friendly march rate
It's not friendly for the Fed at all. This boosts the chance of a March rate increase; it should cement 4.75 percent.
coin constraint fed inflation lifts oil overall places prices remain side
Oil is a double-edged sword. From one aspect, it lifts overall inflation but from the other side of the same coin it places a constraint on growth. So if oil prices remain high, the implications for the Fed get a little dicey,
imply less market minutes rally
You are getting the rally in Treasuries because the minutes imply a little less tightening than what the market had anticipated.