Dean Maki
Dean Maki
actual continued fewer interpret less prices sell willing
One way to interpret it is that sellers may have only been willing to sell if they got the prices they were expecting. Fewer got that, so there were less actual transactions as prices continued to rise.
change number trade
This trade number doesn't change that at all.
continue falling happening increases likely number prices rate seems slow
What seems to be happening is the number of transactions has been falling but prices continue to grow. Over time, the rate of price increases is likely to slow this year.
economies foreign further likely reverse strength though trend
Even though foreign economies are strengthening, it won't be enough strength to reverse the trend in trade, and we're likely to see further deterioration.
becomes clear continuing curve economic economy-and-economics expect flat growth robust time yield
We do not think the flat yield curve is signaling economic weakness. We do expect it will become steeper over time as it becomes clear economic growth is continuing at a robust pace.
language likely might policy rather saying small
I think that they are likely to make some small modification to the forward-looking language ... saying something like 'further policy firming might be needed' rather than 'may be needed'.
concerned contention generally growth inflation risks trying worth
I think they are generally more concerned with inflation risks than growth risks right now. I think the contention will be that it is worth trying to make extra-sure that inflation doesn't rise.
affected areas claims drop economic effects hurricane labor market remain spreading starting weakness
Labor market weakness isn't spreading from the hurricane- affected areas to other areas of the country. We are starting to see hurricane-related claims drop off, and more important for the economic outlook, jobless claims excluding the hurricane effects remain low.
across fed likely raise rates strength suggest
The strength across all labor-market indicators does suggest the Fed will likely raise rates in March.
bolster economic economy-and-economics months
Inventories will be rebuilt for some months to come and that will bolster economic growth.
continue data economy expect grow indicate job labor market near strong strongly
The labor market data continue to indicate strong job growth. We expect the economy to grow more strongly in the near term.
appears bring definitely generating jobs labor market process rate
It's definitely a labor market that's generating enough jobs to bring down the unemployment rate over time. That process was interrupted by the hurricanes and appears to be resuming.
affected appears holidays imports looks move temporary timing
It looks like a temporary move lower. It appears that imports were affected by the timing of holidays in Asia.
data january likely since
They are likely to acknowledge the firmer data since the January meeting.