Patrick Fearon
Patrick Fearon
core december fed inflation modest percent personal raising rates reflects rise stable stop support
The 1.9 percent December year-over-year rise in the core personal consumption expenditure index reflects a stable and modest inflation rate. That would support the idea that the Fed can stop raising rates soon.
below came decent expanding high level sector slightly suggest
The ISM manufacturing index came in at a decent level in January, just slightly below expectations, but still high enough to suggest that the manufacturing sector is expanding at a steady-as-she-goes pace.
easier finding good jobs labor people relatively situation unemployed
People who are unemployed are finding it relatively easier to find jobs. All around, it's a pretty good situation for the labor market.
amount below came certain consumer days fact final higher market past reading resilience shows survey taken volatility
The survey for the final reading would have taken place over the past 10 days or so, when market volatility was particularly high, ... Because of that, the final reading very well could have come in below the preliminary reading. The fact it came in higher shows a certain amount of resilience in the consumer sector.
again chance deficit energy good news next piece positive prices remember trade
The narrower trade deficit is a positive piece of news for February. However, with energy prices going up recently, you have to remember that there's a good chance that the trade deficit will widen again over the next (few) months.
april claims coming confidence consumer employment figures good job kinds point report solid
All kinds of indicators point to a very good report on April employment ... with jobless claims figures coming in where they are and the consumer confidence indicators ... all point to solid job creation.
bond calming core far gotten inflation influence price
The core PCE price index is a calming influence on the bond market, ... Inflation so far has far not gotten out of hand.
demand expect high numbers period quite range within
The numbers are still quite healthy, they're still well within the range you would expect in a period of high demand for labor.
continuing energy labor main market people prices reasons roughly starting
With energy prices at least roughly flattening out, and with the labor market continuing to strengthen, those are probably two of the main reasons people are starting to get more optimistic.
consumer sector shows strength
This shows some strength in the consumer sector at the end of the year.
quarters sneeze straight three
We've now had three straight quarters of above-average growth, and that's nothing to sneeze at.
annual august brings good inflation moderate news seen september
The good news is that this is much more moderate than we had seen in September and August and it brings the annual inflation rate down to 4.3 percent.
basically basis core inflation personal trend whether year
Whether you look at the core personal consumption expenditure index on a monthly basis or a year over year basis, the inflation trend is basically 'steady Eddie.
close investment point wage
We're probably close to the point where there will be a take-off in investment and wage growth.