Gary Thayer
Gary Thayer
couple data likely next reflect
Unfortunately, this is pre-Katrina data and may not reflect what we're likely to see in the next couple of months.
coast couple good gulf jobs loss months next numbers
We probably won't see good (employment) numbers in the next couple of months because of the loss of jobs in the Gulf Coast region,
couple data decline dollar fall help higher inflation last narrow risk seen suggesting trade
(The data are) suggesting the decline we've seen in the dollar over the last couple of years is not having an impact. It suggests the dollar may still need to fall to help narrow the trade deficit. But there's a risk to higher inflation if it does.
bond couple creeping fed inflation last market maybe months moving scenario traders worry
Inflation is creeping up, but it's not out of hand. I think that's pretty important. The bond market may have discounted a worst-case scenario over the last couple of months on inflation, and now maybe traders won't have to worry about the Fed moving too fast.
clearly concerned couple economy federal healthy inflation numbers reserve
Clearly today's numbers show that the economy is still healthy and that the Federal Reserve probably will still be concerned about inflation for at least a couple more months.
along couple dollar extra giving power pressure pricing rise taking weaker
Along with the rise in non-fuel import prices, this suggests the weaker dollar is taking competitive pressure off of businesses, giving them the extra pricing power they didn't have a couple of years ago.
above business expansion fed outlook pointing quite zero
The Philadelphia Fed business outlook index is still above zero in January, pointing to expansion, but the expansion is not quite as broad.
costs generally higher numbers passed production running showing
The PPI numbers generally have been running higher than the CPI numbers, showing that the higher production costs are not being passed on.
activity economic fourth last quarter saw supports view
This supports the view that first-quarter economic activity is much better than what we saw in the fourth quarter of last year.
government growth inflation less saw
This suggests the government saw more real growth and less inflation in the quarter.
door fed leaves offset open rate report sort
This report leaves the door open for a rate cut. There's still uncertainty out there, and as a way to sort of offset the uncertainty, the Fed will do more than it may need to do.
economy federal good news poised slow
We think the economy is poised to slow down and that's good news for the Federal Reserve.
buyers levels looking risen risk willing yields
Yields have risen to levels where buyers looking for yields are willing to take a risk and buy.
consumer good items looks lower news prices reading seeing seen unchanged
The good news is that what we've seen is an unchanged reading for the nonpetroleum items and it looks like what we're still seeing is lower prices for many consumer items.