Anthony Chan
Anthony Chan
country effects good katrina
The terrible, devastating effects of hurricanes Katrina and Rita, when we see those things on TV, we know we don't feel as good about our country or even about ourselves.
creation damage downtown estimates follow good indicate job lots means next percent plenty rebuilding work
Preliminary estimates indicate 60 percent damage to downtown New Orleans. Plenty of cleanup work and rebuilding will follow in all the areas. That means over the next 12 months, there will be lots of job creation which is good for the economy.
fed
So why don't we get a 100-point or 200-point day? Because this is a pause, not an end to the Fed tightening.
companies convinced expansion expected hiring increasing meet stronger
Now companies are convinced that the expansion is getting stronger and is sustainable and they are increasing hiring to meet expected demand.
equity market oil positive potential prices rising
Oil prices have not been a positive for the equity market with the potential for rising inflation.
almost clearly growth heart miss momentum quarter rest weaker
The momentum going into 2006 is clearly healthy. We will be able to withstand weaker growth for the rest of the quarter and almost not miss a heart beat.
danger economic federal numbers pause raise rates recovery reserve situation statistics surprise three yes
I don't think the recovery is in danger. But I think what we have here is a situation where the Federal Reserve will probably look at the numbers a lot more closely. If we see another two or three economic statistics that surprise us, yes the Fed can pause and not raise rates in August.
fed feels guarantees pause report stand
I don't think this report guarantees a pause, but it doesn't stand in the way of a pause if the Fed feels it's something they should look at.
jobs last moment months quarter saw similar third three
For the moment the third quarter is probably going to be similar to what we saw the last three months -- probably between 250,000 to 300,000 new jobs every month,
market
For the moment, the market is celebrating because the announcement removes uncertainty.
button certainly equity expected federal good hikes housing interest news policies reserve slowing somewhat
For the equity market, this is somewhat good news because certainly (the report) is an important button for the Federal Reserve to see if its policies are working and that housing is slowing down, as it would be expected to do so, with all the hikes in short-term interest rates.
creeping housing rates seeing
You're seeing inventories creeping up and affordability pinching more and more, and you're seeing long-term rates creeping up. All that suggests a trimming of housing activity.
difficult foresee growth jobs rate
It's difficult to foresee a growth rate where we will find 320,000 jobs
apparel component continued despite drop expectation few inflation overall prices provided report rise seems surprises though
It seems as though the inflation report provided a few component surprises but no overall surprises as apparel prices continued to drop despite the expectation that they would stabilize or rise slightly.