Brian Bethune
Brian Bethune
ahead continue second spending
Consumption spending will continue to plod ahead in the second quarter.
behaving core energy feed generally inflation lengthy modest persistent pressure price prices producer quite
Core producer price inflation generally has been behaving quite well. We think there's going to be some modest upward pressure as energy prices feed through the system, but it's not going to be a persistent or lengthy problem.
baked coming early excellent momentum quarter
There's so much momentum coming early into this quarter that an excellent quarter is just baked in the cake.
basically hike rate
They're basically signaling, 'Expect one more rate hike here' and that's what we are basically expecting.
aware budget check deficit doctor gaining interest lose rates slow sudden tells until
The budget deficit is like gaining weight. You are not really aware of it until at some point, all of a sudden you can't do what you want to do because you are heavier. Interest rates go up and slow things down. Then you go to your check up and the doctor tells you you got to lose 25 pounds.
bump intense pressure prices temporary
Pressure to bump prices up, or levy temporary freight surcharges, will become more intense in September,
crops damage department estimates eventual farms force katrina lessons loses production revised risk state
The risk to crops and farms won't be as significant if it loses force, ... When you look at the lessons from Katrina, the eventual damage to agriculture was less than feared. The department of agriculture actually revised up its estimates of production in the state after Katrina passed.
baked excellent picking quarter sector service
The service sector is picking up some momentum. An excellent quarter is just baked in the cake.
picking sector service
The service sector is picking up some momentum.
activity early economy forward growth line output overall overseas picked quarter second sector solid strong stronger underlying
Activity in the manufacturing sector picked up early in the second quarter, in line with strong underlying fundamentals in the economy and stronger overseas demand. We can look forward to solid overall output growth in the second quarter of 2006.
bias companies demand higher intact quarter raise rates second strong toward
Demand is strong enough for companies to raise prices. This will keep the Fed's bias toward higher rates intact through the second quarter of 2006.
ahead capital cyclical demand europe expected firm gaining goods japan markets months overseas remain
Demand for capital goods in overseas markets is expected to remain firm in the months ahead as cyclical recoveries in Europe and Japan are gaining momentum.
ease maybe might pain praying warm winter
Maybe we should all be praying for a warm winter because that might ease the pain.
continue expected housing january mortgage pop purchase sales suggesting track
Mortgage purchase applications continue to track downwards, suggesting that most of the expected pop in housing sales in January was weather-related.