Stuart Hoffman
Stuart Hoffman
economic expected great growth helping inflation less strong
Growth is stronger, but inflation is less, so it's still that great combination of strong economic growth with even less inflation than expected that's helping bonds.
economy inflation ok raising rates saying
He's saying the economy is healthy. Inflation is OK for now, but it could become a problem, so we're not done raising rates yet.
benign clean consumer earlier fell inflation learned month morning prices producer relatively sweep wages yesterday
Inflation, it's been a clean sweep for July. We learned earlier this month wages were unchanged, yesterday producer prices fell again, and this morning you're right on the money, relatively benign consumer price inflation report. No problem.
against ballgame bottom greenspan inflation line nearly
The bottom line is that Greenspan is in no way signaling that the Fed's tightening ballgame against inflation is nearly over.
exactly fed housing inflation kinds last likes numbers rate signs slowing speak stopping
These are exactly the kinds of things the Fed likes too see. Signs of a slowing in housing and still-contained inflation are the kinds of numbers that speak to the Fed stopping in May, making that their last rate hike.
absence broad economy good inflation lower noticeable problem report steady
It was a good report right through. As you look through the report there is a noticeable absence of inflation on a broad basis. The numbers, if anything, are steady to lower on inflation and show that it just isn't at all a problem for the economy or the Fed.
ball extra fed fisher game higher inflation innings late move point quarter risks slower tie
I think the Fed will move a quarter of a point at the end of June, then they may pause. I don't think they're going to stop. I don't think the ball game is over. I think if we are in the late innings and it's still a tie between the risks of higher inflation and slower growth, as Dick Fisher did say, this could go into extra innings.
clearly economic eye growth inflation main view worried
Clearly the Fed's main eye is on inflation. They are more worried about inflation because they view the setback to economic growth as temporary.
clearly economic eye growth inflation main view worried
Clearly the Fed's main eye is on inflation, ... They are more worried about inflation because they view the setback to economic growth as temporary.
below consumers job kinds market numbers percent rate sign spending wage
An unemployment rate below 5 percent is a sign that the job market is getting tight. These kinds of job and wage numbers will keep consumers spending right into spring.
door hikes june leaving mean meeting move open pause resume statements
His statements have set up a pause at the June meeting after they move in May. That doesn't mean we are done. He's leaving the door open to resume hikes at subsequent meetings.
adapting aggressive among benefits business care continued costs counter energy health higher increases interest mean next outlook owners prices profits results sales six stable steps taking
The results show a stable outlook among business owners for their own sales and profits during the next six months, which suggests they are adapting to higher energy prices and interest rates. Many, however, are taking aggressive steps to counter continued increases in costs for employees' health care coverage, which could mean reductions in benefits for some employees.
account active average consistent decline home housing january last months people starts three
If you take into account the revisions, the average for the last three months are still very strong. It's consistent with the housing starts number. People are still active in home buying. This decline in January is probably a month dip. It's a head-fake.
alive good job market news shows
It's a very good report. That's good news post-hurricanes. It shows us the job market is alive and well.