Pierre Ellis
Pierre Ellis
convince economic fed great growth interest rates seriously track worrying
This will probably be of great satisfaction to the Fed and will convince them that economic growth is on track without worrying them that interest rates are seriously too low.
blew complete hit news sort surprise tape unexpected
The news hit the tape as a complete surprise and it blew up because it was unexpected and sort of clumsy.
capital companies competition economy economy-and-economics facing great grow help imports remains slowing telling
Having imports grow as the economy is slowing is telling you that American companies are facing great competitive pressure, especially in capital equipment. It doesn't help American companies because international competition remains very, very strong.
contrast cost costs employment labor measured reassuring remain
The third-quarter Employment Cost Index is ... reassuring in the sense that labor costs as measured on this index remain very contained, in contrast to some other labor cost indexes.
appears buy deficit economies economy-and-economics exports extremely favorable foreign further increased means month oil perhaps price push risk second three
For the moment, this appears extremely favorable for the economy. This is the second month out of three where exports have increased substantially, which means that foreign economies are perhaps strengthening enough to buy our stuff. Still, the risk is for further oil price shock, which could push the deficit back up.
compared deficit ignoring minor problem surprising
What's going on with short-term deficit is minor compared to the problem that is looming. But if they're ignoring the big problem, it's not surprising they're ignoring the near-term issues.