Gary Thayer
Gary Thayer
appears concerned cooling existing holding homes housing market
It appears that the market for existing homes is holding up better than the market for new home sales. We are still concerned about the housing market cooling off.
anticipate fed good hold inflation news people stay
We got good news on inflation. People anticipate that with inflation still very low, the Fed will stay on hold for awhile.
bias fed hold level low maintain policy rates steady toward
The Fed will probably hold rates steady at a low level as long as they can. And I think as long as the unemployment rate is rising, they'll maintain a policy bias toward weakness.
dealing economy fed feet focus gasoline high hold jobs katrina lost overlook policy prices resulting shock steady strength until
The Fed will overlook the strength in the economy before Katrina and focus more on getting the economy back on its feet and probably will hold policy steady until we see how the economy is actually dealing with the shock of lost jobs and high gasoline prices resulting from Katrina.
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.
concerned dollar factor firm foreign good hold investors line money policies stay time wanting
He's mentioning that the dollar should stay firm and that's been a good factor for our economy. He's been concerned for some time about foreign investors wanting to keep their money here and if we keep our policies in line that should hold for a while.
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.