Patrick Fearon
Patrick Fearon
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.
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.
consumer sector shows strength
This shows some strength in the consumer sector at the end of the year.
conclude consumer eventually factor federal fourth growth help housing monetary rate reserve sector slow spending tend
We still think that the growth rate will slow substantially in the fourth quarter, in part because the housing sector is softening which will tend to soften consumer spending as well. That is one factor that will probably help the Federal Reserve eventually conclude its monetary tightening cycle.
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.
albeit consumer continuing economic fact good growth labor market momentum positive reflects sign start year
It's a good sign that the consumer has some momentum going into the start of the year and that probably reflects the fact that the labor market is continuing to improve, albeit modestly. It's a positive for economic growth this year.
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.
consumer course
It's an encouraging sign, but of course we have a long way to go before you would say that the consumer is very optimistic.
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.
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.
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.