Anthony Chan
Anthony Chan
alan comments expansive fed greenspan inflation monetary obviously policy reflects report sort though wait
The CPI report was very tame. It sort of reflects the comments by Alan Greenspan that even though monetary policy is way too expansive right now, inflation is sufficiently a non-event, a non-problem, so the Fed obviously can wait at this point,
consumer demand downward expect faster growing higher hopeful labor linger peak percent pressure sort turn
If you have productivity growing faster than the economy, how can you expect demand for labor to be all that strong? I'm still hopeful that unemployment won't go much higher than 6.2 percent or 6.3 percent, but where we'll peak is not as important as when we turn around. If we sort of linger at 6.2 percent, that will put some downward pressure on consumer spending.
basically economy sort stuff
The encouraging stuff is they basically see the economy sort of chugging along,
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.
claims confirm fact improve notion numbers sometime
These claims numbers confirm the notion that things may improve sometime in the future. The fact that we didn't go over 400,000 was very encouraging.
boost current economic energy low overall positive prices results serve suggest
These results suggest that the current low energy prices should serve as an important and positive boost to overall economic growth.
aggressive approach bit cold economy grow market maybe quickly rate realize stock worried
The stock market didn't want the economy to grow too quickly because they were worried about aggressive rate hikes, ... They wanted the Goldilocks approach where everything was just right. But now they realize that maybe the porridge is a bit too cold for their taste.
continued despite fed greenspan improvement inclined labor latest market might move neutral remain risks small suggest testimony towards
The small improvement in labor market conditions, despite the continued risks that remain on this front, do suggest that even with all the caveats that Greenspan echoed in his latest testimony ... the Fed might be inclined to move towards a neutral risk bias.
energy number prices prospects rates rising taking toll
The significant number of headwinds such as rising energy prices and the prospects of rising short-term rates are taking their toll on the economy,
lower prepared sign tells
I still don't think they'll lower rates, but this tells me they're prepared to lower them at the first sign of trouble.
comforting component greater headline strength
It would have been a lot more comforting to see greater strength in the ex-auto component than in the headline figure.
deflation risk
The risk of deflation has increased. Is it a significant risk? Probably not.
ahead fear gain labor markets monetary policy rate release report rise robust sting takes
The rise in the unemployment rate takes much of the sting away from the robust gain in payrolls from a monetary policy perspective. The big fear ahead of the release of this report was that labor markets were overheating.