Carl Tannenbaum
Carl Tannenbaum
begin bit both economy fed higher influence market performed rates surprised
It has surprised all of us that the economy has performed so strongly, but we think that the accumulated influence of higher rates both in the market and by the Fed will begin to take a little bit of starch out of the economy.
based certainly fed thinking
In the thinking of most analysts, based on the fundamentals, there certainly is enough out there that the Fed should keep going, at least at this meeting.
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This is coming in an environment where consumers are being challenged by higher interest rates and energy prices.
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The new chairman, undoubtedly, is going to be someone that the administration is comfortable with, but I think the new chairman should take the step early on of showing that they are going to remain independent-minded.
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Hiring was cautious in October. Aside from companies not being able to operate because of the hurricanes, many businesses might have been in a state of suspense as they assessed damage to their operations and to the economy that might have resulted from these storms.
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Households and corporations are still very active and are creating economic momentum, which is tremendously encouraging news for the economy. The only dark cloud comes from the news on prices, which are going up.
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All three of the Big Three automakers have been increasing the amount of their production planning, ... We're also seeing a little kick-up in overtime hours. Even if demand tapers off, they'll need to get production going to get inventories to more normal levels.
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The hurricane season failed to blow the economy off course.