Stuart Hoffman
Stuart Hoffman
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.
positive quite report strong ultimately
I think the report was quite strong and will ultimately be positive for stocks.
economy effects expect last oil shake
Our forecasters expect the economy to shake off the effects of last year's hurricanes and surging oil prices.
fact good market solid vanilla
Overall, this was kind of a vanilla report. These are solid numbers, but the market had already absorbed the fact May was a good month.
coming confirmed data hike march market possibly pricing rate terms
I think he was signaling to the market that yes, there is another (quarter-point) rate hike coming in March and possibly in May, but that will be data dependent. He essentially confirmed what the market has already been pricing in, in terms of rate hikes.
both favorable main number previous street wall
I thought it was a very favorable number for both Wall Street and Main Street, particularly paired with the upward revisions to the previous two months.
businesses capital economy faster growing internal mergers turn
When the economy is growing faster and businesses want to replenish inventories and make the kind of capital expenditures, mergers and acquisitions that outstrip their internal financing, then they will turn to banks.
federal reserve work
What it does show is that the Federal Reserve has more work to do.
available base believe business capital conditions continue diverse economic economy favorable footing further growth healthy highly industries investment leave mean presence research rising role technology venture
We believe economic conditions in 2006 will be favorable for further growth in southwestern Pennsylvania's technology industries. Rising business confidence, healthy growth in business investment spending, and increasingly available venture capital will leave our region's technology industries on firmer footing in 2006. A highly diverse technology base and the presence of world-class research institutions mean that, over the longer-term, technology will continue to play an increasingly significant role in the economy of southwest Pennsylvania.
among capital orders quite reflects report spending
When you take out transportation, the report should look stronger. In total, manufacturing orders are quite strong, and that reflects a lot of capital spending going on among businesses.
entered jury question seems
There is no question that we've entered a new era. The question seems to be how long it will continue, and the jury is still out on that one.
ballgame innings second
We're still in the first or second innings of the ballgame of replacing Greenspan. But it's not like the game hasn't begun.
aftermath bad hurricane katrina saying
If we hadn't had Katrina we'd be saying what a bad hurricane (Rita) was, but in the aftermath of Katrina we're saying, 'Boy, aren't we lucky,'
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.