Peter Kretzmer
Peter Kretzmer
numbers
The numbers are a little better than we expected,
bit building component consistent continues growth increase indicative maybe moderate month number obvious pressures price sector
It's a number consistent with a manufacturing sector that is strong, it strengthened a little bit in the month and I think growth continues to be moderate in the manufacturing sector, price pressures while still not obvious maybe are building a little bit you can see an increase in the price component to 55.1 that's indicative of some price pressure.
commodity consumer evidence fed impact inflation pipeline pressures price recent reports shown
On balance, recent inflation reports have shown the Fed evidence of pipeline commodity price pressures but with little impact on consumer inflation trends,
consumer happen increase vaguely
It's only vaguely predictive of what will happen with month-to-month consumer spending. It did increase dramatically in March, so some drop-back is not unexpected.
conditions consistent improving labor market
That's consistent with the idea that labor market conditions are not really improving yet. They're not getting worse, either, but they've only stabilized.
beginning consumer decline levels longer run sales spending toward vehicle
As vehicle sales decline toward longer run levels beginning in August, consumer spending will slow.
deficit finally huge trade
The huge U.S. trade deficit may finally be stabilizing.
consumer economy faster grow spending
The economy will grow faster in the first quarter. Consumer spending is recovering.
conclude continue main point remove sit
The main point is that when they sit down, they will conclude that what we want to do is to continue to remove the accommodative policy,
bullish coming data feeling number overall trade weaker
The overall weaker GDP number coming from the trade data does give you a more bullish feeling on Treasuries,