Joshua Shapiro
Joshua Shapiro
attuned cause continue federal help highly inflation level officials producer reserve side situation tilt
Rumblings at the producer level will help keep Federal Reserve officials highly attuned to the inflation situation and will cause them to continue to tilt to the side of tighter policy.
comments concern continue core drift energy expect fed funds growth higher hit inflation next officials percent process quarter reach second suggest target temporary
We continue to expect the Fed funds target to reach 5 percent in the second quarter of next year, which is where we see the tightening process ending. Comments from Fed officials suggest that they expect only a temporary hit to growth from higher energy prices, while concern about a drift up in core inflation is increasing.
basis currently demand fall high higher housing increase move remaining seeing seen starts today trend unable versus
While we have seen an increase today versus a forecasted decline, housing starts are currently doing on a trend basis what many have forecasted: remaining on a high plateau, unable to move higher but not seeing demand fall off enough to take starts lower.
ahead cannot clearly higher minds rates rule rushing
With anticipations of higher rates still clearly in the minds of buyers, we cannot rule out fence-sitters rushing ahead of higher rates.
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It was a good solid number, maybe not as high as some people were hoping, and not as bad as bonds had feared,
autumn companies costs economic finished goods growth higher likely pass pressure winter
Economic growth in the autumn and winter is likely to be soft, ... and there is going to be heightened pressure on companies to try to pass through some of their higher costs into finished goods prices.
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It's a wait and see. If we get another powerful storm that does damage to refining capacity in particular, I think all bets can be off if gasoline prices will go higher and stay there.
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We believe that consumer spending is going to bear the brunt of higher energy prices that we have seen leading up to and immediately following Hurricane Katrina as discretionary spending is curtailed.
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The big question now is how much companies will be able to raise prices for finished products to offset the hit to profits from higher unit labor costs.
aggressive business consumer effort energy fail higher largely pass prices proves strapped
An aggressive effort by business to pass through higher energy prices will probably largely fail as an increasingly strapped consumer proves resistant.
anytime consumers costs disappear economy energy higher labor likely markets seem soon taking toll
In general, consumers seem to be taking the view, at least initially, that higher energy costs will not disappear anytime soon and that they are likely to take a toll on the economy as a whole and on labor markets in particular.
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The strength in manufacturing is increasingly tied to strong demand for exports as well as reasonably good domestic demand. Other economies are doing well and we've still got reasonably good economic growth and inventory rebuilding in the U.S.
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Things are pretty healthy. The economy is growing at a nice clip, exports are rising and inventories are being accumulated.
bad beginning either february housing month months roll starts
February was not a bad month either temperature-wise. If you look at other evidence, things are beginning to roll over. You will see housing starts roll over in the months ahead.