Jay Bryson
Jay Bryson
continuing labor market shows
It shows the labor market is continuing to stabilize.
fed looking resources stretched
That's something that the Fed has signaled it is looking at right now with resources getting stretched in the economy.
spend
It's not just China, it's not just oil. We spend more than we produce, end of story.
activity although consistent data decline economic november pace recent smaller suggest
Although little should be made of one month's data, the smaller pace of import decline in November is consistent with other recent data that suggest that U.S. economic activity may be stabilizing.
core overall people strength tend weakness
People tend to look at core to get a look at overall strength and weakness of the economy,
barriers brunt buy caused financing foreigners less point prices production reduction signs slowing sooner spending stop trade
Sooner or later, foreigners will stop financing the deficit. But at this point they show no signs of slowing down. If there were trade barriers that caused Americans to buy significantly less imports, production here would go up a little, but the thing that would take the brunt of the reduction is that our spending would go down as prices went up. We would have less of everything.
chinese cost goods lower means spend
The lower cost of Chinese goods means we can spend more on other goods and services.
concerns higher interest jump markets raises rates reacting seeing shock
The markets are reacting to the shock of seeing a jump in import prices. It raises concerns about inflationary pressures, and higher interest rates down the road.
amount billion economy fair figures momentum oil prices quarter reason third trade
The economy in the third quarter had a fair amount of momentum and oil prices were skyrocketing. You are going to see some $60 billion trade figures if for no other reason than the price of oil.
headline number people underlying weaker
The headline number was weaker than what people expected. But when you look down into the underlying details, it's not as weak as what that headline number would suggest.
consistent data economy economy-and-economics struggling
The import data are consistent with an economy that is struggling to find its footing.
although cut durable easing fed feels goods last meeting orders prevent rate strong turnaround
Although durable goods orders bounced back last month, the turnaround is not strong or broad-based enough to prevent the Fed from easing at the Dec. 11 meeting if it feels that another rate cut is appropriate.
fed impact likely march taken
The March CPI data, taken in isolation, likely will have very little impact on near-term Fed policy,