Stuart Hoffman
Stuart Hoffman
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.
bond fed looking markets report seeing signs stock strength
The stock and bond markets are looking at the report and seeing the signs of strength, and they know the Fed is doing the same.
building markets
There will be some uncertainty in the markets building up at the end of the year. There will be some jitters.
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.
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.
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.
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.