Chris Rupkey
Chris Rupkey
businesses energy expect factor fed increased inflation interest major makers pass policy power prices pushing rates received rising sign worried
Prices received rising so much is the first sign that businesses have increased power to pass on these energy-price increases. Energy will shortly be a major factor in the inflation equation, and this is what the Fed is worried about, so expect policy makers to keep pushing interest rates higher.
continues economy fast fed gain growth inflation pressures slack slow stop time
Growth isn't fast enough that the Fed has to brake the economy, and at the same time it isn't slow enough that the Fed can stop and watch. Inflation pressures can still gain a foothold as the economy continues to take up slack resources.
fed officials point suggest
There is nothing at this point to suggest that Fed officials will pause.
action fed gone looking market moves though
Expectations of Fed action have gone though the roof. The market is looking for two 25-basis-point moves and one 50-basis-point move before the presidential election.
fed leads rate series
That leads to expectations that the Fed is still going with its series of rate hikes.
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.
anecdotal consumer core costs despite energy far fed prices rising signs smoke
As far as energy prices and core consumer prices, so far it is all smoke and no fire. Rising energy costs have not yet fed into the costs of other goods, despite many anecdotal signs that prices are being impacted.
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.
bit concerned continues economy fed raise slack taking
I'm really more concerned that the economy is taking up slack resources. That could be a little bit worrisome. I think the Fed continues to raise rates.
assumed curve fed
The curve should be flattening if the Fed is assumed to be still tightening.
bonds economy eyes falling fed growing jobs keeps pickup stocks worried
All eyes will be on the jobs report. The Fed is still worried with inflationary pressures, and may very well not be done with rates. But as long as the economy keeps growing without a substantial pickup in inflation, we may see bonds falling and stocks rising.
adding drawing fed fuel global guard market markets nearer raises rates rebound reckoning reminded stock
The market is on guard after Broaddus reminded us that the day of reckoning when the Fed raises rates is drawing nearer and the rebound in global stock markets is adding fuel to the fire.
decided path people prices resistance selling
The selling abated, prices stabilized and people decided the path of least resistance is up.
country entire production running
Manufacturing production in the entire country is running flat-out at the moment.