Chris Rupkey
Chris Rupkey
counsel cut dragon early fight inflation markets november rates rejected tried urged
Unfortunately, I think they tried to fight the inflation dragon a little too long, and rejected the counsel of the markets which urged them to cut rates as early as November that year.
bit cause consistent early environment increase inflation lay momentum pressures rate resources slack sort spill taken
This is consistent with the idea that slack resources have been taken up in the economy. There is considerable momentum and this is the sort of environment where inflation pressures can spill over and actually cause an increase in the rate of inflation, so it is a bit early for them (the Fed) to lay down their saber.
added boost changed cut december expecting federal funds limit low rate saying stock thinking today
We're back to expecting a rate cut on December 11. Meyer changed people's thinking by essentially saying there's no limit as to how low (the federal funds rate) could go and today we're getting an added boost from the (weak) stock trade.
easily economy economy-and-economics likely momentum surprise
There is considerable momentum here that will not be easily slowed. This economy is strong, and it is likely to surprise on the upside.
country entire production running
Manufacturing production in the entire country is running flat-out at the moment.
couple forth hike june next odds rate
It's going to be volatile. The odds for a rate hike in June will go back and forth for the next couple of months.
below claims continues create drop economic economy expect growth jobs labor market million month rate remaining remains solid
Economic growth remains solid and the economy could create over 2 million jobs this year. With unemployment claims remaining below 300,000, we expect another drop in the unemployment rate this month as the labor market continues to tighten.
bonds buy economy feeling giving juice losses stock weak
Stock losses are giving bonds some juice this morning; we're back to feeling that the economy is weak and that bonds are a buy here.
fed good guard news terms
The Fed is still going to be on guard in terms of monitoring inflationary pressures, but this has to be good news today.
bond gasoline prices rally reasons rising soft tough
Is the soft-patch bond rally over? It's a tough call, but we don't think so, as the reasons for the soft patch, rising gasoline prices at the pump, are still there.
consumer fears gasoline higher home oil prices rise spending
consumer spending has not been dented by the hurricane-inspired rise in gasoline prices and fears of higher home heating oil bills.
cash consumers continued economy expansion hear holiday hope means next optimistic period retailers ringing sales
Consumers are more optimistic during this holiday season, and retailers hope this means that they will hear the ringing of cash registers in what has been a lackluster sales period so far. This augurs well for a continued expansion of the economy next year.
fed leads rate series
That leads to expectations that the Fed is still going with its series of rate hikes.
credit due
We were due for a pullback in credit,