Gary Thayer
Gary Thayer
growth healthy major
Growth is still at a healthy level. There is no major slowdown.
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.
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.
healthy looks quite spending start third
It looks like real spending was quite healthy for the start of the third quarter.
cause concerned economy healthy heat inflation pressure road somewhere trajectory
I think what he's concerned about is that the economy is on a good, healthy trajectory and if we do see some upward pressure on inflation somewhere down the road that that could cause the economy to heat up a bit.
bit confidence healthy high pull saw year
Overall, confidence is still at a healthy level, up from where it was a year ago, but we did pull back a bit from the three-year high that we saw in June.
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.
component employment healthy lower november saw
The employment component was just a tad lower than what we saw in November so it's still a healthy number.
claims combined conditions drop earlier employment good remain reported rise start
The rise in the employment component, combined with the drop in new jobless claims reported earlier today, suggests that employment conditions remain good at the start of the year.
consumer despite energy holding market prices rising spending
Energy prices are dropping, and consumer spending is holding up despite rising unemployment . These are encouraging things the market is recognizing.
confidence despite easy energy fewer high jobs people supporting worried
Fewer people are worried about jobs right now, more people think that jobs are easy to get, and I think that's supporting confidence despite the high energy prices.
act concern economy fear fed generate inflation mean point seem
There's still a lot more inflation fear than there is inflation. There is still concern that the economy could generate inflation at some point but it still doesn't seem to be doing that. The Fed doesn't need to act more aggressively, but it doesn't mean that they won't.
basis easily numbers revised third
Productivity numbers on a quarter-to-quarter basis are very volatile. The downwardly revised second-quarter numbers could easily be revised upward in the third quarter.
core good increased modestly news prices primarily recovery
We did see a big recovery in (producer) prices, but that was primarily in energy. Core prices increased only modestly and that's good news for the Fed.