Kim Rupert
Kim Rupert
change hang market perception remains
Productivity still remains really solid, and one of the hallmarks of this whole expansion. If we can hang on to that I think the perception of where we're going in the market could change dramatically.
bond core fact inflation liked market retail sales tame
The bond market liked the fact that core inflation was tame and that retail sales -- excluding autos -- were tame.
auction came good
The auction came off pretty much as advertised -- it was good and strong.
car fed last october question reported sales strong
After the strong October car sales that were reported last week, it wouldn't be out of the question that the Fed would think things are improving.
expose kids might
It's important to expose kids to experiences they might not get in the classroom.
data durable goods initially lower news weak yield
The yield initially knee-jerked lower on the weak durable goods data and the Saudi news.
appears curve fed inflation remains risk steady upside vigilance yield
The yield curve remains steady ... indicating that the upside inflation risk appears to be canceled out by Fed vigilance for now.
again begin data looking means stuff terms
We're going to be getting back to normal, with a lot of the panicky stuff dissipating. We're going to begin looking at the data again and what it means in terms of the Fed.
case growth likely looks means methods moderate people realistic sure
We all anticipated it would come to an end at some point, but we weren't sure if it would moderate or crash. It now looks like it crashed, but that more than likely means we'll see more moderate and realistic growth as people re-apply more traditional methods of financing. That should make the case for moderate, non-inflationary growth in 2000.
above currently fed funds note people rate value
People don't see a lot of value in a 10-year note that currently is yielding above the Fed funds rate but will not be in a week.
economy economy-and-economics generating grow increase normal pace rapid wage
Productivity, so far, has really enabled the economy to grow at a more rapid pace than normal without generating any kind of substantial increase in wage pressures.
biased fact frame good leave near pause people rates slightly suggest time yield
The fact that he didn't suggest any time frame for a pause is going to leave rates biased slightly higher. People still think a yield near 4.7% on the long end is a pretty good deal.
drawn fairly looking senate
It's a done deal. We're looking for a fairly long, drawn out Senate trial.
cut rate size sloppy
There's enough uncertainty about the size of the rate cut to make it a pretty sloppy auction.