John Ryding
John Ryding
average concerned economic fed further greenspan increase likely rather report signs weakness worrying
With the Fed maintaining an economic-weakness bias, Greenspan is more likely to be concerned with the signs of further economic weakness in this report rather than worrying about the increase in average hourly earnings.
concerned consumer core elevated energy high inflation overall potential prices remain
Overall consumer inflation is still elevated and we remain concerned about the potential for pass-through of high energy prices into core inflation.
april bond fed few japanese march ourselves people period relates technical toward weakness
We are going through a period of weakness in March and toward the end of February. And that relates to things like Japanese (fiscal) year-end and a few other technical factors. I think getting on the March 30 FMOC meeting, the Fed (will do) nothing that reassures people . . . and I think we set ourselves up for an April bond rally.
decline expect fourth growth rebound slow
The decline in productivity was a quirk of the slow growth of GDP in the fourth quarter, which we expect to rebound in the first quarter.
decline expect fourth growth rebound slow
The decline in productivity was a quirk of the slow growth of GDP growth in the fourth quarter, which we expect to rebound in the first quarter.
appears decline growth june labor maintained market payroll pressure putting rate reduced since solid trend wage
The solid trend in payroll growth has been maintained into February. Reduced labor market slack, illustrated by the decline in the unemployment rate since June 2003, appears to be putting upward pressure on wage increases.
continues economists economy face fed force further increases labor market markets modest remains reminder running serve strong tight wage
The labor force surge should serve as a reminder that the economy is further from running out of labor than the economists at the Fed think. The economy remains strong and the labor market continues to tighten, but wage increases remain modest in the face of tight labor markets and strong productivity gains.
action case consequences cost course cutting greater rates taking wrong
The consequences of taking the wrong course of action - in this case not cutting rates - are potentially greater than the cost of cutting rates.
albeit contained core inflation informal range remains target
Core inflation remains contained in November, albeit at the upper end of the Feds informal target range of 1-2 pct.
albeit contained core federal inflation informal range remains reserve target
Core inflation remains contained in November, albeit at the upper end of the ( Federal Reserve 's) informal target range of one-two percent.
energy perception prices
Energy prices do matter, especially to the public's perception of inflation.
bond buy good mania market month move upwards
The bond market had a pretty good move upwards yesterday, but I don't think we're going to get back to that kind of mania to buy Treasuries that we had in the month of September.
believe cut equity rates toward work
As we work toward a reopening of the equity markets, we believe that a cut in rates is even more important than it was before.
cheating goes history price problems time
It's not the first time in the history of OPEC that we've had problems with cutbacks, and when the price goes up, then the cheating starts.