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.
adjusting appear both claims continuing despite employment initial labor markets near october payroll remain storm strong weak
After adjusting for the storm effects, both initial and continuing claims appear to be near their pre-hurricane levels, indicating that labor markets remain strong despite the weak October payroll employment report.
committee continue employment federal interest labor markets open payroll raise rise strong
Labor markets are very strong and payroll employment should rise by 200,000 or more in February. The Federal Open Market Committee will continue to raise interest rates.
activity begins breach continues economic economy fast few hiring labor layoffs markets national percent prospects remain
Labor markets are deteriorating rapidly. Layoffs remain at a fast pace, while hiring has all but stopped. As economic activity continues to unravel, there are few prospects for a near-term turnaround. The national unemployment rate, now at 4.9 percent, should breach 6 percent before the economy begins to recover.
activity attacks economy giving hiring labor layoffs markets pace push quickly quite september spiral strong terrorist wake weak
Labor markets are deteriorating quickly in the wake of the terrorist attacks on September 11. The economy was quite weak before the attacks, which have accelerated the pace of layoffs. As layoffs spiral higher, hiring activity has stopped, giving a strong upward push to joblessness.
feeling learn markets rebound smaller work
Our feeling is that markets are not going to rebound magically to a 100-machine market. So you have to learn to work in a very competitive, smaller market.
continue data difficult face housing interest market open remains resilient rising slow
These data continue to show that the housing market remains resilient in the face of rising interest rates. This resiliency will make it more difficult for the (Federal Open Market Committee) to slow the economy,
breaks higher straw toward
It's another straw on the camel's back toward higher rates, ... but it isn't the straw that breaks the camel's back.
budget budgets far fiscal improved largely outlook robust slightly tax
The budget outlook has improved slightly so far this fiscal year, largely during to still robust tax receipts.
durable factory goods growth indicate pace quite reports sector signals slowing suggest type
The signals in the manufacturing sector have become quite mixed. The diffusion indices suggest a slowing pace of growth while the factory and durable goods reports indicate an acceleration. In the past, when this type of divergence has occurred, the diffusion indices have usually been the better indicator.
gain gentle katrina meltdown modest rebound sharp slowing soon trend
This month's modest gain indicates that the sharp rebound from the post-Hurricane Katrina meltdown has been completed. The gentle slowing trend that had been in place for much of 2005 may have been halted, but it is too soon to tell with any confidence.
prolonged
Manufacturing is mired in a deep, prolonged recession.
attacks cuts demand expected factory further impact industries next production reported sector seem terrorist
The Sept. 11 terrorist attacks seem to have had little impact on the factory sector so far. However, many industries have already reported further production cuts as demand has waned. A more substantial contraction is expected next month.