Nigel Gault
Nigel Gault
add conviction extremely fed figures financial growth markets raising soon stable stop suggest
These figures suggest that growth is stable but not extremely strong. These figures should add to the conviction in financial markets that the Fed will soon be able to stop raising rates.
believe carry consumers harder longer price prices stay whether
Of course, we don't know whether the price is going to stay at $3. But the longer prices stay at this level, the harder it is to believe that consumers will just carry on doing what they were doing.
advanced apply companies continuing extra increase increasing incredible output per pump seems technology ways
It seems that companies are continuing to find new ways to apply advanced technology to increase output per worker. It has been really incredible how much extra output companies have been able to pump out without dramatically increasing staffing.
economy economy-and-economics expect frequently growing markets posting trend
It's interesting because the economy is growing in real terms, so you would expect to see the markets frequently posting all-time highs, because the trend is (naturally) up.
economic economy-and-economics evidence growth improving jobs latest opposite report
This latest report is unmistakable evidence of an improving economy. What you have to look for is evidence that the fourth-quarter slowdown in economic growth will continue. And this jobs report is evidence that just the opposite is happening.
coming core costs energy expect finished goods higher inflation katrina pass prices rising saying
Energy prices were rising before Katrina hit, and while those costs didn't make their way through to finished goods in August, we have to expect higher core inflation in coming months. Firms are saying that they've absorbed so much already that they have to pass on these costs.
areas auto boost consumers cooler fall likely malls pick return spending weather
With consumers likely to return to the malls from the auto showrooms, spending in other areas will pick up again, especially once cooler weather arrives to give a boost to fall clothing,
chances consumers continue federal increase raise rates reserve sign until
There is no sign at all now that US consumers have started to tighten their belts. This will increase the chances that the Federal Reserve will continue to raise rates up until May.
asking associated energy gets magnitude mentioned movements needs question reason sort start
The reason (recession) gets mentioned . . . is that (energy price) movements of this sort of magnitude usually would be associated with recession. So you do have to start asking the question, ... The question needs to be asked, even if we think things are different on this occasion.
consumers faster increasing spending
U.S. consumers have been increasing their spending much faster than their incomes.
continue deficit energy goods higher katrina products services since states united united-states
The goods and services deficit will continue to widen, especially since after Katrina the United States will be importing more energy products at higher prices.
deficit few widening within
Within a few months, the deficit will be widening to new records.
adding creation effects hurricane job point rather
We are now at the point where Hurricane Katrina's effects are adding to job creation rather than detracting from it.
above concern few month next push risk sometime
There is a risk that we will push up above 2 percent, not necessarily over the next month but sometime over the next few months. That will be a concern to the Fed.