Anthony Chan
Anthony Chan
bottom clearly hit numbers
These numbers clearly tell me we have not hit bottom in the economy.
coming federal future near numbers quite reserve suggesting theater
These numbers are suggesting that a future Federal Reserve tightening will be coming to a theater near you quite soon.
balance discourage economy fed numbers retail risk sales telling thinking toward
These numbers are essentially telling us that retail sales were artificially boosted by zero-percent financing. These numbers are not going to do anything to discourage the Fed from thinking that the balance of risk in the economy is toward weakness.
appear clearly conditions fed hikes investors justify labor less makers market policy pressures rate rather report spoil wage
This is clearly a non-threatening report for investors and policy makers alike. Labor market conditions appear to be tepid enough to justify less rather than more Fed rate hikes while wage pressures did not spoil the party.
builders canary clue coal market move price sales
The new-home sales market is the canary in the coal mine. Builders have a better clue as to what the right price is to move a house.
It's not all that encouraging for the Fed.
clean companies creates estimates lowering means situation time
Any time you have a situation like this it creates opportunities for companies to clean up their attics, and that means lowering estimates and partly, or completely, attributing it to Katrina.
basically calms fears great number
That's a great number that basically calms a lot of the fears out there.
although change corporate inflation issue likely major overall positive pricing view
The lackluster change validates the Fed's view that inflation is not likely to be a major overall issue in 2004. Although this bodes well for policy, it is not a positive for corporate pricing power.
early labor market seems slow start
The labor market seems to be improving, but still at such slow pace, it's probably too early to start celebrating.
continue fed likely raise rates year
The Fed is likely to continue to raise rates for much of the year 2005.
fed justified uncharted waters
The Fed is justified in being aggressive. We're in uncharted waters here.
aware carefully doctor economy fed fully health needs patient recovering sends slowly
The Fed is fully aware that a slowly recovering economy needs to be nursed carefully back to health before the doctor sends the patient home.
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The Federal Reserve and energy prices really have the fate of the economy in their hands.