Lara Rhame
Lara Rhame
certainly consider creation economic expect fed job level reflect report stage step taking towards
The report is certainly better than in December, but it just doesn't reflect the level of job creation we'd expect to see at this stage of the economic recovery, or the job creation the Fed would need to see to even consider taking that first step towards tightening.
activity eyebrows fairly high housing leaves level markets number raise rate worry
The weaker-than-expected housing number still leaves housing at a fairly high level of activity but will raise some eyebrows as markets worry about the (Federal Reserve) overshooting (with rate hikes).
businesses coming confidence lead level stocks throws
Stocks usually lead us out of a recession, but not this time. That throws in a whole new level of uncertainty about how businesses are going to behave. We don't know if there will be enough business confidence without stocks coming back.
deficit dollar exists gloom market punishing size
I think a lot of gloom still exists about the size of the deficit and the market is punishing the dollar for that.
bottom call history shown simply soon tough
I think it's too soon to call for a bottom simply because history has shown us that with this currency, it's a tough bet.
claims combined data dollar focus modest morning trade
It is a modest dollar negative; the trade data combined with the claims data, but the focus this morning is very much on digesting the BOJ and on payrolls tomorrow.
board conference consumer everybody improvement jump last looking massive measure michigan sentiment
We had a massive jump in the Conference Board measure of consumer sentiment last month, and everybody will be looking for confirmation of that improvement in the Michigan survey.
asked hospital manager orders palm purchasing somebody
Look at the subcomponents -- what are inventories and new orders in this case? ... If I were the purchasing manager at a hospital and somebody asked me about 'new orders,' what would I count? Syringes? Patients? At a bank, what's 'inventory?' Palm Pilots? Mortgages?
downward focusing growth initially markets revision seem
Markets initially seem to be focusing more on the downward revision in growth than the upward revision to the deflator.
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.
relative support
It erodes the relative interest-rate support for the dollar.
change data hikes inflation policy pricing radar rate screen time
We're not pricing in rate hikes any time soon, and today's data won't change that. Inflation is off the radar screen for policy makers.
forward global momentum
Without the U.S., there's not much forward momentum in the global economy.
coming consumer employment numbers phenomenal resilience swayed
Yet again, the U.S. consumer has phenomenal resilience and is not being swayed by the employment numbers coming out.