Patrick Fearon
Patrick Fearon
august decent economic expected figure peak revised weaker
It was a little weaker than expected but still a pretty decent number. In fact, the August (housing start) figure was revised up to 2.02 million, and that's a new peak for this economic cycle.
august decent economic expected figure peak revised weaker
It was a little weaker than expected but still a pretty decent number, ... In fact, the August (housing start) figure was revised up to 2.02 million, and that's a new peak for this economic cycle.
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There was decent strength across the retail sector. These numbers are consistent with an economy growing at a comfortable rate, a pace that would allow the Fed to continue to raise interest rates in a measured fashion.
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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.
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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.
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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.
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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.
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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.
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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.
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We've now had three straight quarters of above-average growth, and that's nothing to sneeze at.
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The fact that the final number is higher than the preliminary number shows that the American consumer is not going to be easily intimidated.
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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.
consumer sector shows strength
This shows some strength in the consumer sector at the end of the year.