Robert DiClemente
Robert DiClemente
additional challenge data might moving officials present rates recent risk
For the Fed, recent developments present an additional challenge because data hint that officials might need to risk an overshoot, moving rates into restrictive territory.
employment familiar gap growth possible rapid reflecting subdued
The gap between rapid growth and subdued employment is a familiar story reflecting a possible 'once in a lifetime' surge in productivity,
budgets changes corrected growth jarring local policy rates rather relative small spending state tax
State and local budgets can be corrected by small changes in the relative growth rates of spending and tax revenues, rather than by jarring policy initiatives.
activity businesses obvious production projects sort variety wary
It's obvious there's a lot of hand-to-mouth production going on, as businesses are still very wary about undertaking big projects or any sort of new activity for a variety of reasons, some intangible.
based corporate earnings financial focused gloom labor latest markets missing necessary restore risk third turnaround
While financial markets are focused on all the gloom ... they risk missing the incipient turnaround in corporate profits. Based on the latest GDP figures, corporate earnings probably bottomed in the third quarter. Firms are making the necessary adjustments to restore profitability by reining in their costs, especially labor compensation.