Joshua Shapiro
Joshua Shapiro
expect focused language people rest surprise took update word
Everyone was so focused on the word 'measured' that they didn't expect them to update the rest of the language to be more aggressive, so that took people by surprise a little bit,
growth near people recession slower talking
I don't think we're talking about a recession or a near recession. I think we're talking about growth that is slower than people expected.
expecting hard hike minutes next people pointed pounding reaction saw table worst
People were expecting the worst and I think the reaction you saw is that it wasn't as Draconian as many had feared. There wasn't any real hard table pounding or anything in the minutes that pointed to a 50-basic point hike at the next meeting.
bad bonds good high maybe people solid
It was a good solid number, maybe not as high as some people were hoping, and not as bad as bonds had feared,
fed feeling improving labor march market months numbers people raise rates several start strong until wait
The Fed is not going to raise rates right away, even if the March numbers are really strong. They are going to wait until they get several months of very strong numbers, and for people to start really feeling that the labor market is improving before they raise rates.
economic federal finally interest labor last market maybe next number people piece raise rates reserve
If you get a big number next week, people will say great, the labor market is finally recovering, this is the last piece in the economic recovery, ... But they'll also say, well maybe now the Federal Reserve will raise interest rates sooner.
demand domestic economic economies exports good growth inventory reasonably rebuilding strength strong tied
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.
economy exports growing nice rising
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.
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.
affluent bills build colder consumers impact less lifestyle rather
As things get colder and heating bills build up, it's going to come right out of discretionary spending, which will impact less affluent consumers more. For the wealthy, it's an inconvenience rather than a lifestyle change.
benign dollar far imported inflation prices reading worry
There's not much to worry about as far as imported inflation is concerned. For as long as the dollar hangs in there, we should see a benign reading for import prices excluding fuels.
great imports picking trend
The trend is not going to be that great if imports are picking up in momentum.
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.