David Wyss
David Wyss
David Wyss is an American economist. As New York-based Standard & Poor's chief economist, Wyss was responsible for S & P's economic forecasts and publications. He also coauthored the monthly Equity Insight and the weekly Financial Notes. He was on the board of the National Association for Business Economics, Washington, D.C...
affects concerned continue economy fed hikes june pause pointing problems rather toward year
It is rather encouraging that the Fed is pointing toward a pause after the May hike. A lot of us were getting concerned that the hikes would continue into June and August. And one of the problems is that what the Fed does now affects the economy a year from now.
asia economy economy-and-economics slow somebody work
Somebody was going to have to slow the (U.S.) economy down and Asia is now doing the Fed's work for it.
came car cut economy economy-and-economics except ford gm positive sales scared
After September, it was positive for most of the economy except for tourism. Things like car sales came back very quickly. GM and Ford got really scared about sales so they cut prices.
despite economy energy forget high living people profits strong turning
The economy is living with it, and corporations are turning in strong profits despite high energy costs. People forget that energy isn't as big a part of the economy as it was 25 years ago.
expect looking market mild sort stock
We expect the stock market to have another mild gain, sort of like it did in 2005. We're looking for the market to up about 6% by the end of the year.
quarter second shaping stronger
The second quarter is shaping up to be stronger than expected.
energy fast oil prices question wild
Energy is the big wild card. We just don't know where prices will be. It will be a question of how fast oil refineries and oil pipelines comes back.
chrysler ford imported might parts
Even a Chrysler has some imported parts in it and because these Toyotas are a little more expensive, Ford might be charging more.
afford energy money people prices spend worried
People see energy prices going up and they get a little worried about what they can afford to spend money on.
bit federal good impact increase inflation news percent possible raise rates reserve worried
We did see a bit of acceleration in wages. We were up 0.4 percent in January. That may be good news for the workers, but it is something that is going to make the Federal Reserve a bit worried about the possible impact of inflation and may increase the probability that they're going to raise rates again.
common consumers despite gas money says shown spending stop
Common sense says consumers have to stop spending money at some point. But consumers haven't shown much common sense lately, despite griping about gas prices.
financing growing large seem trade trouble
We don't seem to be having any trouble financing our large and growing trade deficits.
carrying continue expect federal funds growth inflation march rate rise send
We continue to expect two more rate hikes, on March 28 and May 10, carrying the federal funds rate to 5 percent. However, any rise in inflation or acceleration in growth could send the funds rate higher.
bigger both expected fact lifted looking november pain revise
We had expected to see a bigger rebound. On the other hand, some of the pain is lifted by the fact that they did revise up both November and December, so things are still looking pretty good.