Lara Rhame
Lara Rhame
acting against broad dollar japan process seeing steady stop turning weakness
We're seeing Japan aggressively acting to keep the yen steady against the dollar and stop the process of broad dollar weakness from turning into broad yen strength.
afford cut downside fed market markets pricing rate surprise
Market expectations have priced a rate cut in. When markets are pricing it in like that, the Fed can't afford to give a downside surprise in this environment.
job
I think they'll need to see a lot of job growth, not just one month.
causing excited markets near
In the near term, markets are getting very excited about the idea of the end of quantitative easing, and that's causing the yen to come under some upward pressure.
bin dollar economy falling fits led risk tape view
The bin Laden tape has led to some dollar selling. The tape fits with the view of those who think the U.S. economy is at risk of falling into a sinkhole.
connection durable economic economy goods heavy industry layoffs machinery overall segments
If you look at the segments of the economy where we do have deflation, particularly in the goods industry -- and particularly in durable goods, such as automobiles and heavy machinery -- that's where most of the layoffs have been concentrated, ... That's where you see the connection of disinflation to overall economic growth.
economy further recovery state stimulus underlying weak
The underlying state of the economy is on weak footing, and we're going to need further stimulus to keep the recovery on track.
dramatic euro far line move recent tendency
The euro can go pretty far -- when currencies correct, they have a tendency to do that. But I don't see the recent move as dramatic or unexpected, and I don't think it's out of line with fundamentals.
guts statement
It's the same meat, but with a different gravy, ... The real guts of the Fed's statement is very much unchanged.
grit wheels
There is substantial post-bubble grit in the wheels right now.
among consumers personally shut view
I personally am among those with the view that we actually are going to see consumers shut down.
consumer federal growth moderate reserve spending time warning
This is what the Federal Reserve has been warning about for a long time -- we will still see consumer spending growth, but it will be more moderate than before, ... It's a retrenchment of consumer spending growth from blistering levels.
consumers economic fuel growth optimistic positive
Consumers will keep us in positive territory, but they're not going to be optimistic enough to fuel economic growth to its potential.
cause consumer employment growth job shock shut situation spending
I think the employment situation is getting better, slowly, so I don't think it will cause the consumer to shut down, ... But job growth like this makes consumer spending that much more fragile, if some exogenous shock should hit.