Anthony Chan
Anthony Chan
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.
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.
economy sweet tells
It tells us the economy is in a sweet spot,
cause near paralysis state
It will cause something like a state of paralysis on the part of consumers, at least in the near term.
allow change connecting data environment favorable gives improving labor market months picture rapidly sea seen start
The two months of favorable data allow us to start connecting the dots. It gives us a picture of a rapidly improving labor market. I think we can categorically say we have seen a sea change in labor market environment at this time.
economic expect levels point
They (wages) are still not at levels we would expect at this point in an economic expansion.
circumstance early fed lows move moving prepared rates require seen since
What the Fed showed was that extraordinary circumstances require an extraordinary strategy. Not only are they moving rates to lows not seen since the early '60s, they're prepared to move them a lot lower.
bad coming creating employment few news percent
We will see more bad news on the employment front. We see unemployment going to 6.1 percent or 6.2 percent before it's over; no way are we going to see that coming down while we're creating so few jobs.