Brian Bethune
Brian Bethune
accelerate early expansion expected fed inflation projected quarter third
With the expansion projected to accelerate in the third quarter and inflation projected to be contained, the Fed is expected to 'play the same tune' and 'dance the same step' into early 2006.
advantage companies cost cover demand expecting pressure strong
We are expecting to see some pressure on inflation. Companies are going to take advantage of strong demand to at least cover their cost increases.
confidence consumer continue employment expected gains grow growth household income market rates stock support sustain
Gains in employment and the stock market continue to support confidence. Household income is expected to grow at rates that will sustain growth in consumer spending.
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.
activity boost expected housing january provide temporary warm weather
The warm weather in January will provide a temporary upward boost to housing construction, but activity is expected to taper off in February.
aircraft drop expected impact month noise orders outlook strictly
The expected drop in aircraft orders is strictly month-to- month noise and does not have any impact on the outlook for growth.
baton commercial ease expect housing leadership momentum overall pattern public remains starts taking
The overall momentum in construction remains solid. We expect this pattern to continue, with public and commercial construction taking the leadership baton in 2006 as housing starts ease back moderately.
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.
borrowing demand driven early expectation higher housing interest line towards translate ultimately
This is in line with our expectation that demand for new housing would 'cool off' towards the end of 2005 and in early 2006 as higher short-term interest rates, driven by the Fed, would ultimately translate into higher long-term borrowing rates.
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.
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 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.
bump intense pressure prices temporary
Pressure to bump prices up, or levy temporary freight surcharges, will become more intense in September,