Michael Moran
Michael Moran
early federal funds growth increase looking low moved primary push rate reason starting wages warning
I am looking for a 25-basis-point increase in the federal funds rate. The primary reason is because the unemployment rate has moved to a low level, and that low unemployment rate is starting to push the growth of wages higher. That is an early warning sign.
encouraged fed move somewhat
The Fed will be encouraged by this, and it dampens somewhat the probability of a Fed easing, ... but I would still look for another move in December.
situation
The situation has improved, but we're still not where we want to be.
face good reading upside
This is an especially good reading because I think that we face significant upside risks.
economic key looking market people stock
More than ever before, people are looking to the stock market as the key to the economic recovery.
economy housing sector vulnerable
Housing is the most vulnerable sector of the economy at this time.
bearing decides extremely fed monetary
It's extremely important. I think it's going to have an important bearing on what the Fed decides to do with its monetary policy.
among area chairman company consumer economy greenspan sector strongest worried
The consumer sector has been among the strongest in the economy and I think that's the area that (Fed Chairman Alan) Greenspan and company are really worried about.
early holiday late looking month numbers portion seeing shopping suggest weak
The numbers suggest we're seeing a weak holiday shopping season. We could see a late surge, but the early portion of the month is looking slow.
additional average basis increased mortgage points rates
Mortgage rates have increased an additional 35 basis points from their average in the first quarter,
board demolish votes
He will not have the votes on the board to demolish the building,
chairman consumer greenspan reserve sector strongest worries
The consumer sector has been on of the strongest in the economy, and that's the sector that (Federal Reserve chairman Alan) Greenspan worries about.
economy faces fed gain negative outlook risks side though
Though the (economic data) have been mixed, they've been more negative than positive, and the outlook for the risks the economy faces is distinctly on the downside. The Fed has more to gain by erring on the side of accommodation.
challenge energy front high hit people start
The real challenge on the energy front hasn't hit yet because it's not winter. When people start to get high heating bills, it will be another story.