Steven Wieting
Steven Wieting
continue drag economy higher larger oil prices summer
We're getting higher and higher oil prices each day and you'll continue to see a larger drag on the economy through the summer months.
damaging pace risk seen sign urgency
I don't' think we've seen any sign here that there is an urgency to risk damaging the pace of the upturn. Why rush, why panic?
again along benchmark change changes payroll picture question
Years from now, new benchmark revisions will come along and change the whole picture again -- which begs the question of how important these monthly payroll changes are. I think it's irresponsible to make too much of these reports.
basis broader fed future goes language managing market mean might nearly next points rates regarding week whether
Whether the Fed goes 25 or 50 basis points next week might mean something for managing market psychology, but it doesn't mean nearly as much for the broader economy. Their language regarding their future considerations on rates is what should matter.
ahead creating demand fast jobs month moving supply
What's most important is that we've got demand and supply moving ahead fast enough that we're absorbing and creating jobs month in and month out -- that's not something to lament.
fact hit june orders wall
The fact is orders just hit a wall in June and July.