Drew Matus
Drew Matus
fed position puts raising
It puts the Fed in a position they probably don't want to be in, but they'll have to keep raising rates.
basically confidence consumer cut ensure expecting markets mention numbers spending
We're expecting him to mention consumer confidence numbers and consumer spending numbers and to come out and say we need to ensure that consumer confidence is bolstered. We're expecting him to come out and basically let the markets know to expect a cut in March.
beginning concern core expressed happen hear increases inflation last percent year
We're right where they want us to be -- between 2 and 2.5 percent increases in the core CPI. But last year there was more inflation than they were anticipating at the beginning of the year, and the concern you hear being expressed is that they don't want that to happen again.
ball consumer game playing says
This says the U.S. consumer is still in the ball game and playing like a champion.
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.
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.
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.
core growth inflation though
Growth is strong. Inflation is making them a little nervous, even though they reiterate that core inflation and long-term inflation expectations are contained.
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.
actual bit developed economy fed few hike income inflation last payroll pressure rate strong
I think if you look at the way the U.S. economy has developed over the last few months, you still have strong payroll growth, you've got a little bit of inflation pressure and you have very strong income growth. So the actual economy is not all that different from when the Fed started its rate hike cycle.
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.
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.
aggressive appear benign fed focused inflation investors itself liked market possibly relatively view worked
The market liked what it didn't see. The market got itself worked up about the Fed possibly being more aggressive about inflation and when that didn't appear in the minutes, investors then focused on a relatively benign view of inflation.