Drew Matus
Drew Matus
ball consumer game playing says
This says the U.S. consumer is still in the ball game and playing like a champion.
despite driven fact growth imported seems sets stage weaker
Despite the fact that we had a lot of consumption, it seems to be driven by consumption of imported goods. That also sets stage for weaker growth going forward.
aggressive clear fed near raising rates seen terms
This is as aggressive as I've ever seen for the Fed in terms of making clear that they're raising rates and that they're not near being done.
confidence consumer improvement labor suggest
Something boosted consumer confidence and I would suggest it's an improvement in the labor market.
current measured moving pace prudent ratify seems stance
I think what this does is ratify the Fed's current stance --- moving at a measured pace seems to be the prudent course.
bonds bought breathing few people relief sigh
People are breathing a sigh of relief and bought a few bonds and stocks. Everyone plays, everyone wins.
looking people star
His star is shining. People are looking to him as an unofficial chairman.
closely comments speeches watched whose
His speeches are well thought out. After Greenspan, he's the one whose comments are most closely watched by the markets.
cause economy fed looking pressure raising stop
Looking ahead, we can't see what is going to cause a downturn of enough significance to take inflationary pressure out of the economy and cause the Fed to stop raising rates.
ammunition fed gives keeps middle people raising rates trying walk
The Fed keeps trying to walk the middle course, and unfortunately that gives ammunition to people who think the Fed should be raising rates more and ammunition to people who think the Fed should be done.
basically criticism temper
Once a person is appointed, they are basically independent. If you're president, you want someone who would temper their criticism of you.
delayed draw fed focus nobody
I don't think this is going to draw much in the way of the Fed's attention. It was delayed for some time, and nobody from the Fed was complaining. They don't focus on it.
based current employment focus habit report week
The current focus going into the employment report this week has much more to do with habit than anything based in reality.
accelerate areas economy keeps labor market others
All told, we have more of the same. The economy is going to accelerate in some areas and decelerate in others and the labor market is going to be the one that keeps getting squeezed.