Brian Fabbri
Brian Fabbri
adds change fed fifty interest june maybe point power rate stand starting
It adds a little more power to yesterday's wording change in the Fed statement. Fifty (basis point interest rate hike) is coming, maybe not in May, but June is really starting to stand out now.
bit cool electric output utility
Electric utility output was down a bit because we had such cool August, but otherwise, manufacturing was pretty hot.
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,
consumers deals kinds maybe perhaps purchase until waiting
Typically, consumers are waiting for all kinds of deals before they go out and purchase an automobile. They didn't get them in July, so perhaps they're going to wait until maybe August.
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.
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.
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.
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.
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.
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.
came domestic doubt economy equity expecting numbers prepared rally street worst
There is no doubt that the street was expecting the worst and they were prepared for the worst. Once the numbers came out a rally ensued and it trickled over to the equity market... The domestic economy is just honey.
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.
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.