Gary Thayer
Gary Thayer
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.
cooling data gradually home homes housing increases market moderate october price sales seeing suggesting
The October home sales data were strong, but we are seeing more moderate price increases for new homes suggesting that the housing market is gradually cooling off.
bond core energy factor fed focused good inflation liked low market news primary reading recognize traders
The bond market liked the inflation data. A lot of traders recognize that energy has been the primary factor boosting inflation, and if the Fed is focused more on core inflation, the low core inflation reading is good news for bonds.
bond cause economic fed market numbers raising seen thinking twice weak
The bond market had been thinking that the weak economic numbers that we've seen would cause the Fed to think twice about raising rates,
banks central expected extra financial help hopefully markets people recognize restore shows sort
It shows the world central banks recognize the financial markets could use a little extra liquidity and support, ... Hopefully it will help restore confidence. A lot of people expected we would see some sort of coordinated effort.
economy good increases labor likelihood markets number remain
It's a good number for the economy. Labor markets are improving, and that increases the likelihood that the economy will remain strong.
concerned continue fed housing interest market raise
This is probably going to keep the Fed concerned about inflation. If the housing market is still healthy, policy-makers will probably continue to raise interest rates.
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.
cooling dropping help homes housing inventory market sales support sustained
If sales can be sustained at this level, that would help support housing construction, but inventory of new homes is still increasing. The housing market is cooling off, but not dropping sharply.
cooling housing inflation looks market relatively
The housing market is cooling off, but not too much, and inflation looks relatively benign.
claims companies continuing economy feeling hanging labor market number shows strong
The lower-than-expected number of new jobless claims shows that the labor market is continuing to improve. It suggests that the economy is strong and that companies are feeling more comfortable about hanging on to workers.
claims drop economy good heading job labor market momentum recovered shows strength year
The jobless claims drop shows good strength in the labor market at the end of the year. It shows that the economy has recovered after the hurricanes and is heading into the new year with good momentum and good job prospects.
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.
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.