Gary Thayer
Gary Thayer
bad softer
It's a little softer than expected, but it's not all bad news.
behind curve fed inflation mean rate
It probably doesn't mean we don't see another rate increase, but it suggests that the Fed is not behind the curve and inflation is not getting out of control.
closely fed might rate rather saying sooner start taking time tone watching
It suggests the Fed is going to be watching closely to see if it is time to start taking back rate cuts. I don't think he is saying that is imminent, but his tone is that it might be sooner rather than later.
deficit drag economy economy-and-economics great help quarter revise third trade
It suggests the drag on the economy from the trade deficit in the third quarter will not be as great and could help revise up third-quarter GDP a bit,
adjusting continue environment seen worst
It suggests our manufacturers are adjusting to a new environment and will continue to grow, ... I think we have (already) seen the worst for manufacturing.
decline declines leading signal since three trend
It's not really troubling. It's the first decline since September. Probably more important is the trend that's in place, which is upward. You would probably need to see three or more declines in the leading index to signal a problem.
business economy good healthy shows side spending
It still shows a pretty healthy economy at this point. The manufacturing side of things and business spending will be good this year.
bit looks midwest remained
It just looks like manufacturing in the Midwest cooled off a bit in January, but remained healthy.
consistent decline fourth looks numbers quarter small
It looks like these numbers are consistent with a small decline in fourth quarter GDP,
economy fed following healthy interest looks quite
It looks like the economy is still quite healthy and the Fed is probably following the appropriate course. The economy doesn't need low interest rates.
confidence consumer economy good heading holidays looks month next spending
It looks like the economy is stabilizing after the hurricane-related stresses and we're heading into the holidays with an upturn in confidence that is encouraging and bodes well for the good consumer spending over the next month or so.
healthy looks quite spending start third
It looks like real spending was quite healthy for the start of the third quarter.
jobs looks lost seen share
It looks like we will have about a half-million lost jobs from the hurricanes and we have now seen the lion's share of that.
active consumers financial giving looks problems shopping spend tight
It looks like consumers will be in a more giving mood, I don't think they will spend with abandon. There are still some tight financial problems for many people. We probably will see active shopping for bargains.