Brian Fabbri
Brian Fabbri
beginning bit consumers finally gasoline higher sentiment
Sentiment is finally beginning to show that consumers are getting a little bit unnerved about higher gasoline prices.
awful companies cost cut final goods manifest margins numbers pressures prices profit unless ways
There are an awful lot of cost pressures in the system. While they may not be manifest in final goods prices just yet, the numbers tell you that, unless companies find new ways to cut their costs, profit margins are going to be squeezed.
beginning confidence consumers continue gasoline happy less leveling move price prices
So consumers feel happy but they are beginning to become a little less happy about gasoline price increases. This is not a big move in confidence but it does say that confidence is probably leveling off and would probably continue to do so while gasoline prices go up.
comfort data fed growth inflation keeping mean message options solid top zone
The message of solid growth and inflation at the top end of the comfort zone may mean that the Fed is keeping all its options open, but that more tightening 'may' be required, and that the data will decide.
bit cool electric output utility
Electric utility output was down a bit because we had such cool August, but otherwise, manufacturing was pretty hot.
factor gain hired large normal number retailers wind
This year, retailers probably hired a normal number of people. We'll wind up with a large seasonal factor boosting a normal number, and end up with a large gain in retail help.
activity confidence consumer declines estate eventually lead slower spill
Declines in the real estate activity will probably spill over into consumer confidence and eventually lead to slower spending.
deter economic growth hike intended pause policy quarter rapid
Rapid economic growth in the first quarter will not deter (the Fed) from their intended pause in tightening policy after another hike in the May meeting.
fairly production
Production should be up, and it should be up fairly strongly,
approach building business cautious confidence inventory possible thus whether
Business confidence is very low, and thus they're maintaining as cautious an approach as possible to their activity, whether that's hiring, building inventory or anything else.
dollar financial great markets perception rather
It's not the dollar that's weakened a great deal, but rather the perception in the financial markets that the yen is strengthening a great deal, ... So it's a yen problem.
along consistency consistent data degree economic economy jobs moving number quite refreshing rest shows
There's a refreshing degree of consistency. The number of new jobs is consistent with the rest of the economic data that shows that the economy is moving along quite strongly.
christmas likely season spending
Christmas spending this season is likely to outperform most analysts middling expectations.
bit component decline employment improved maybe orders small
We had a big decline (in September) and I thought maybe there would some small rebound, but we didn't get it. It was orders that improved very dramatically and that is a positive, but the employment component is a bit worrying.