Lara Rhame
Lara Rhame
relative support
It erodes the relative interest-rate support for the dollar.
business job looking whether
Whether you're going into business for yourself or not, you're still looking at a very anemic job market.
activity continued growth job means picking stay
With M&A activity picking up, productivity growth will stay robust, and that means continued new efficiencies, and a lot of that will overshadow new job creation.
apparel care case continue downward familiar housing medical pressure prices report
Today's report was a case of familiar culprits -- apparel prices continue to put downward pressure on inflation, and housing and medical care continue to put upward pressure on inflation.
cause data economic fed given hold people quite remain volatility wonder
Given that the economic data will be strong, people will wonder why the Fed is not moving, which could cause some volatility in the markets. But we think the Fed will remain on hold for quite some time.
certainly data economy looks shape
Certainly the economy now looks like it was in better shape in January-April than expected. But these data don't show the economy making any improvement.
business businesses concerned confidence costs cutting environment investment remains
Business confidence remains very, very fragile, and we're still in an environment where businesses are more concerned with cutting costs than with ramping up investment projects.
aggressive core gave inflation markets measure might modest point preferred pricing upside
I would point to the core PCE deflator, which gave a modest upside surprise. This is the Fed's preferred measure of inflation ... and might have markets pricing in a more aggressive Fed.
aggressive core gave inflation markets measure might modest point preferred pricing upside
I would point to the core PCE deflator, which gave a modest upside surprise, ... This is the Fed's preferred measure of inflation ... and might have markets pricing in a more aggressive Fed.
april bad downside everybody geared markets month retail surprise toward
If we get a downside surprise in retail sales, everybody will shrug it off. We all know that April was a bad month for the economy; the markets are really geared toward May.
higher housing last market rates situation worried
If we're in a situation where rates are higher because the economy's great, the housing market is going to be last thing I'll be worried about.
absorb economy effects fed hike national people rate seem seems strong
Most people at the Fed seem to feel that the national economy is strong enough to absorb the effects of Katrina. That to me seems that you will not see the Fed rate hike derailed.
accepting buy carry changed compared dollar economy either fact fed high markets raising rates resistance rest strong stubborn
When we started the year, the markets were reticent to buy into either a strong U.S. economy or the Fed raising rates to 5 percent. What has changed is the market's very stubborn resistance to accepting the fact that the dollar has a pretty high carry compared to the rest of the world.
believe consumer fatigue firmly further positive signs spending stay year
I firmly believe consumer spending will stay in positive territory, but I think we will see further signs of consumer fatigue as the year progresses.