Steven Wood
Steven Wood
Steven Woodwas an Australian sprint canoeist and marathon canoeist who competed in the late 1980s and early 1990s. Competing in two Summer Olympics, he won a bronze medal in the K-4 1000 m event at Barcelona in 1992...
hands meeting monetary next regarding tip unlikely week
With the next FOMC meeting only another week away, it is unlikely any of them will tip their hands regarding monetary policy,
consumer offer partial restraint
This will offer some partial restraint to consumer spending.
adjustment due factory inventory largely spring
The spring slowdown in factory activity, due largely to an inventory adjustment cycle, is now history,
although appears consumers due gains ready retail spending stronger throw
Retail spending was much stronger than anticipated. Although some of these gains were due to post-hurricane spending, it appears that consumers are not yet ready to throw in the towel.
beginning drop due factors major temporary weather wet
This drop may be more due to temporary factors like wet weather than the beginning of a major reversal in housing.
apparent budget caused due efforts federal following katrina largely october relief timing
The narrowing of the budget shortfall in October is largely due to timing factors. Nevertheless, there is no apparent deterioration caused by the federal relief efforts following Hurricanes Katrina and Rita,
activity committee current data due economic economy fed forecasts half less placing releases stronger weight
The Committee is placing more weight on current data releases and, therefore, less weight on forecasts of economic activity and inflation. What I'm foreseeing is that the Fed is going to keep on tightening due to the economy being stronger in the first half of the year.
adjustment although decline deep eventually factory giving rapid rate reducing sector slow ultimately
Manufacturing is still mired in a deep recession, although the rate of decline may be slowing. The rapid adjustment in reducing inventories will eventually slow and ultimately reverse, giving the factory sector a lift.
distorted effects figures foreign trade
The trade figures are distorted by the effects of foreign re-insurance on the World Trade Center. Nevertheless, international trade is contracting.
aftermath associated climbed consumer december declines energy followed higher huge katrina optimism rita soaring
Consumer optimism climbed higher in December after soaring in November. This followed huge back-to-back declines in the aftermath of Hurricanes Katrina and Rita and the associated surge in energy prices.
bloated data declines demand economy further indicate output slowing
These data indicate that the manufacturing sectors of the economy are still reeling from slowing demand and bloated inventories. Further declines in output are likely.
correct cycle last
It confirms that the (Fed) was correct in pausing their tightening cycle at last week's meeting.
pleased
The FOMC will be pleased with this report,
gain given housing january recent spending starts strength warm weak
The January gain in construction spending was surprisingly weak given the recent strength in housing starts and unseasonably warm weather.