Gary Thayer
Gary Thayer
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.
activity hard hit improvement last late others sector seeing side since terror travel year
We've been seeing improvement in the non-manufacturing side since late last year. We're seeing more activity in the travel sector and others that were hit really hard last year after the terror attacks.
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.
good job positive seeing shows strong
We're still seeing a strong economy, ... shows that we still have very good job creation. I think it's very encouraging and a positive thing for American business.
basically despite economy fact lower prices production seeing weak
We still have a very weak world economy, despite the fact that the U.S. economy is still doing pretty good, ... We're seeing lower prices basically because there is more production out there than demand.
categories goods ok others outright sales seeing services strength
We're not seeing a lot of strength in goods and services right now. Sales are mixed. Some categories are doing OK and others are weak. We're not seeing an outright decline.
component decline good looks moderation paid prices pricing seeing
The decline in the prices paid component is good news. It looks as if we're seeing some moderation in pricing pressures, but not a significant drop.
economy fed further policy saying seeing softness
They're saying that some further policy firming may be needed, so it doesn't look like the Fed is seeing enough softness in the economy right now to warrant pausing.
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.