Michael Moran
Michael Moran
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.
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.
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.
adjustment ahead case compelling fed finished further hold june push showing signs steady various
With various indicators showing signs of softening, the Fed will probably hold steady on June 28, ... We do not think they are finished for the year, but they do not have a compelling case to push further ahead after a 50-basis-point adjustment in May.