Anthony Crescenzi
Anthony Crescenzi
numbers
That was the key. All of those numbers were bearish for the market.
believe change conditions confident employment expansion gains greenspan interest jobs report seen
We haven't seen big gains in jobs yet, so Greenspan can't be completely confident this expansion will be self-reinforcing, ... But I believe a blowout employment report is on the near-term horizon, and that will set the conditions for a change in interest rates.
below close originally recession
I'm struck, ... Originally I thought that in a recession we could get below 5 percent, but we're not even close to one (a recession.)
consistent figure inflation left moving rate slowly
What you're left with is a figure consistent with the inflation rate slowly moving upward,
book cutting given late might news rates reflected report weak
Given that some of the news of late ... has been on the weak side, and given that the Fed's own Beige Book report reflected weakness, they might show an inclination to cutting rates in the future,
anecdotal business data individual influence others owned prices pricing raise raising small
For so long, an individual who owned a small business or had influence over pricing somehow, would say, 'Prices aren't rising, so we can't raise prices, either.' Now they can see, with this data and through anecdotal evidence, that others are raising prices, and they may feel they can raise their prices now.
basis bottom dollar good line rally stable
Fundamentally there is not a good basis for the yen to rally today. But the bottom line is the dollar is more stable than we would have thought Friday.
additional basis continues economy points vigor
If anything, we could get an additional 175 basis points this year, potentially, if the economy continues to show the kind of vigor we've had so far.
begin fears financial issue looking resolution risks saying system
But the resolution of the issue may begin to alleviate fears about systemic risk?Today we should all be looking at our financial system and saying these risks are very low, very few, and that we have a financial system that is sound.
businesses dynamic economic good nature rapidly showing
Businesses have responded rapidly to the economic climate, showing the dynamic nature of the U.S. economy, and it's very good for the long-term outlook.
average consensus due exceeded gain jobs key pulled reasons wages
One of the key reasons payrolls exceeded the consensus was due to a 31K gain in manufacturing jobs, the first gain in 11 months. With more of these high-paying jobs in the mix, average wages were pulled higher.
hints labor worst
There are hints now that the worst may be over in the labor story.
growing market
There are growing indications the market is more stable,
april believes convince deflation dramatic feeds headline month past rampant run talk though upsetting
The PPI just feeds the deflation talk that's run rampant in the past month or so, ... It's upsetting for someone who believes deflation is on the way. Even though there are qualifiers for the April data, that headline is dramatic enough to convince them.