John Ryding
John Ryding
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.
core energy inflation overall prices pushing remains risk
With energy prices pushing up overall inflation again, there remains the risk of pass-through into core inflation.
accumulate bond doubt hand heading inflation low mind patient positions willing
There is no doubt in my mind that inflation is low and heading lower. I think the patient hand should be willing to accumulate bond positions here.
beyond inflation looking moved people
I think we've moved beyond the 'flight to quality' stage. People are really looking at the inflation fundamentals.
believe economic favorable growth inflation learn low stay strong until
I think it's something we're going to have to learn to live with until the fundamentals can reassert themselves. But I do believe that the favorable fundamentals of strong U.S. economic growth and low inflation are here to stay for awhile.
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.
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.
energy perception prices
Energy prices do matter, especially to the public's perception of inflation.
changes commerce department except figure game heat normal prolonged remember since summer typical weather
You have to remember it's only exceptional and prolonged heat that changes trends, since the Commerce Department seasonally adjusts out all typical heat. The game is to try to figure out if the weather is seasonally abnormal. Except for this week, we've had a pretty normal summer in the Northeast.
allow doubt economics fed political politics pressure september
There's no doubt there's political pressure on the Fed to do nothing on September 20th. The Fed will allow economics to overrule the politics of the situation.
barrier fed interest lowering rates
There's no barrier to the Fed lowering interest rates significantly.
activity chicago ended good region year
Manufacturing activity in the Chicago region ended the year with good momentum.
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.