Paul Ashworth
Paul Ashworth
Paul Anthony Ashworthis a former English footballer and assistant manager who is currently working as Head Coach at FK Ventspils in Latvia...
caution clear concerns conditions confidence contrast cooling current economic exactly falling future housing sharpest since
It is not clear exactly why confidence is falling but it may have been dented by concerns over the cooling housing market. The contrast between the buoyancy of current economic conditions and caution over the future is now the sharpest since 9/11.
address among careful concerns congress fed financial leadership markets possible
He has been careful to address all possible concerns about his leadership in Congress, in financial markets and among his Fed colleagues.
creation job pace
The slowdown in the pace of job creation
account alongside bottom current deficit demand dollar domestic exports higher hope instead line magnitude require resolved weaker
The bottom line is that a current account deficit of this unparalleled magnitude is unsustainable and there is no hope of it being resolved painlessly through higher exports alone. Instead it will require a big dollar depreciation alongside much weaker domestic demand for imports.
areas bit create depend fact obviously positive quickly spending
This is all a bit of a puzzle. It will depend obviously on how quickly these areas can be repopulated, and also you've got the positive of reconstruction spending and the fact that that will create jobs.
confidence hit prices rapid spending sure
Such a rapid escalation in prices is sure to hit confidence and real spending hard.
far fed growth hot
As far as the Fed is concerned, payrolls growth is probably just about right -- not too hot and not too cold.
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The wider impact of Hurricane Katrina on the national economy is now becoming evident and none of it is pretty.
aircraft books coming continue deficit exports order orders positive since time trade
Since the order books at Boeing are bulging at the moment, with many of those orders coming from abroad, aircraft exports could continue to be a big positive for the trade deficit for some time to come.
fan fears inflation jump markets prices
The jump in import prices will fan the new-found fears of inflation in the markets and at the Fed.
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While the drop in gasoline prices makes these sales figures look bad, it is of course good news for spending in real terms, which is what really counts.
belief fed figures help higher hikes inflation lack persuade pressure raise rates reinforce sleeve
Today's inflation figures will reinforce the belief that the Fed only has one or two more interest-rate hikes up its sleeve before it rests. The lack of any significant upward pressure on inflation should help persuade the Fed to raise rates no higher than 5 percent.
sensible
It is quite sensible for them to sit back and see where they are.
assessment decision risk
The only uncertainty surrounding the decision is the wording of the accompanying statement and, in particular, whether the assessment that 'some further policy firming may be needed to keep the risks ... roughly in balance' will be dropped.