Patrick Fearon
Patrick Fearon
broad certain enjoying evidence fed interest monetary period piece policy raising rates robust terms
Manufacturing in broad terms is enjoying a very robust period even if certain sub-industries are struggling. It's probably another piece of evidence that the Fed could potentially be raising interest rates after the May 10 monetary policy meeting.
certainly claims expect labor low range relatively remain strong though
Even though that was an 11,000 increase, you have to say claims remain relatively low and certainly in the range we would expect in a strong 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.
certainly gasoline resulting spike weigh
There is certainly more going on than just hurricanes and a resulting spike in gasoline prices, ... could weigh on people's attitudes.
certainly growth key lower rate
It's certainly lower than expectations so in that sense it was a disappointment, but the key thing is that this is still appreciably better as a growth rate than the long-term average, which is only about 3 percent,
certainly conspiracy eat economists gods seems words
It seems like this is a conspiracy by the gods to make us economists eat our words when we said manufacturing was back on its feet. It's certainly a disappointing number.
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.
ballgame consumer economic looks spending supporting terms trend weaker
Spending was up, a little weaker than expected... Nevertheless, the trend has been upward and it looks like the consumer is still in the ballgame in terms of supporting economic growth.
fed raising rates stop support
That would support the idea that the Fed can stop raising rates soon.
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.
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.
quarters sneeze straight three
We've now had three straight quarters of above-average growth, and that's nothing to sneeze at.
consumer easily fact final higher number shows
The fact that the final number is higher than the preliminary number shows that the American consumer is not going to be easily intimidated.
downward evidence fact fed interest might months raising rates rather sooner stop trend
The fact that (core inflation) has been on a downward trend for two months is more evidence that Fed policy-makers might stop raising interest rates sooner rather than later.