Stuart Hoffman
Stuart Hoffman
biggest captured center certainly energy increase prices stage
The CPI captured the center stage as it's the biggest one-month increase in 25 years, ... We certainly know why, with energy prices having skyrocketed.
keeping wages
People's wages are going up, but they are not keeping up with inflation.
core determine fed meeting november number point raise rates
I think the Fed will look at the core number and determine that it was understated, and still raise rates by a quarter-percentage point at the meeting on November 1.
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.
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.
cents claims gasoline spite squares
This is in spite of gasoline rebounding 10 to 15 cents in January. This also squares with the jobless claims data.
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.
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.
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.
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.
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.
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.
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.