Drew Matus
Drew Matus
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.
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.
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.
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.
aspects becomes bond card fed focus growth higher market oil rallying rather thinks wild
The big wild card becomes what the Fed does about it. That's why the bond market is rallying -- rather than concentrate on the inflationary aspects of higher oil prices, the market thinks the Fed will focus on the growth aspects.
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.
fed ferguson looking role sure top
Ferguson is very operationally oriented. I think that's a role the Fed needs, but I'm not sure that's what administration is looking to put into the top spot.
continued economy employment expand move near orders strength
Between the move in the employment index and continued strength in new orders it suggests that the economy should continue to expand in the near term.
growth income labor market outlook overall remain strong
With income growth strong and the labor market set to tighten through 2006, the overall growth outlook should remain robust.
labor market plenty point room sign
There's no sign of inflation, and the labor market is still weak. There's still plenty of room from the Fed's point of view.
economists margins oil picking prices risk squeeze
The risk is that there's something that economists aren't picking up. As oil prices go higher, firms see margins compress and that could put a squeeze on hiring.
confidence consumer improvement labor suggest
Something boosted consumer confidence and I would suggest it's an improvement in the labor market.
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.
benign bring fed feeling inflation mean meeting next people pervasive talks
If we get more inflationary data, that could bring people back to their senses. Just because the Fed talks about inflation in a benign way one meeting doesn't mean that feeling will be pervasive at the next meeting.