Alan Ruskin
Alan Ruskin
certainly data encourage fed views
The data will certainly encourage views of a truncated Fed tightening cycle.
correct data encourage fed inflation looks tend views
The data should tend to encourage views that the Fed is correct and that inflation looks to be contained.
change size
There's a sense that the world is changing, no question. But it's the size of the change that matters.
asset associated clearly concerned credit cycle decline fed low outgoing prices prospect risk
As outgoing Fed chairman, he's clearly concerned about the asset cycle and the prospect the low concern on credit risk is going to be associated with a decline in asset prices down the track,
comments dollar reaction terribly
There was not much of a dollar reaction because her comments were not terribly fresh.
broader certainly picture slowing
The broader picture is there's some slowing in housing. It's certainly dollar-negative news.
clear inflation lower margins point profit pushing rise rising seem sign taking terms
I think the only clear sign that would really tell you that inflation should be rising at this point is, of course, the rise in hourly earnings, ... But at this stage, from what we've seen, corporations seem to be taking it in terms of lower profit margins and, therefore, not necessarily pushing up prices.
bought found good inflation lucky numbers officials position rate time
I think (Fed officials have) found that they're in a lucky position where the inflation numbers are good enough that it's bought them some time (to postpone rate hikes),
august backlash durable goods july past pattern relatively seen september strong weak
It is not a big surprise, some of it is kind of a backlash to this saw-tooth pattern that we have seen in durable goods in the past -- July was weak and August was very strong and now September is relatively weak.
cut forthright future interest rates seeing seems
He seems to be more forthright in seeing a willingness to cut interest rates in the future than expected, ... It is uncharacteristically blunt.
comments economy included none range
(Greenspan's) comments on the economy regaining traction included a range of examples, but all of them have caveats attached, and none are that convincing,
below headline jobs looking maybe numbers obviously plenty scratch sector slightly stronger weakness
Some of the headline (jobs) numbers maybe look slightly stronger than expected, but when you scratch below the surface, you find there is still plenty of weakness out there, ... Obviously the manufacturing sector is looking as weak as ever.
clearly economy good head hurricane steam
Clearly the economy had a good head of steam on it right through the hurricane period.
basic comments fit funds likely pause peak perhaps rate
His comments fit with the basic idea of a pause at a 5% or perhaps 5.25% funds rate - more likely the former, but with no presumption that this will be the peak in rates.