Lara Rhame
Lara Rhame
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.
change data hikes inflation policy pricing radar rate screen time
We're not pricing in rate hikes any time soon, and today's data won't change that. Inflation is off the radar screen for policy makers.
data economic european impact large markets phase scenario solid taking traders widely
We're getting to a phase where European data could have more of an impact because a solid U.S. economic scenario is so widely expected. The markets are also very thin, so traders aren't taking on large amounts of risk.
across continue data dollar economic remains rising seen solid strong support treasury yield yields
U.S. treasury yields are rising and we've seen that support the dollar across the board. The dollar remains strong on the back of solid U.S. economic data and expectations that the 10-year yield is going to continue to go higher.
data dollar euro happen japanese positive rally versus zone
There really has not been justification for the dollar rally to happen exclusively versus the euro, especially because euro zone data has been kind of positive and Japanese data has kind of languished in a funk.
both continue continuing data dollar fed headline increasing looks means price raise report rise solid supporting yields
The report was dollar positive. With the combination of solid data for the headline and what looks like increasing price pressure, that means you are going to see U.S. yields continue to rise and the Fed continuing to raise rates, both supporting the dollar.
claims combined data dollar focus modest morning trade
It is a modest dollar negative; the trade data combined with the claims data, but the focus this morning is very much on digesting the BOJ and on payrolls tomorrow.
amount cut data fed stay stream tremendous unless
I don't think there is a tremendous amount the Fed can do, but they can't stay on the sidelines. Unless the data stream improves, they have to cut rates.
critical data dollar holiday income largely personal releases
The dollar is largely unchanged. In these holiday markets, I think releases like tomorrow's personal income data are going to be more critical than the backward-looking GDP report.
connect current data dots fed good markets quick rate straight
The markets have probably been too quick to connect the dots from the current slew of good data straight to a Fed rate hike,
context data declining difficult exactly fed last markets pressure price scared sees trend trying views
The markets are trying to put this data in the context of how scared the Fed is by it. It's very difficult to see exactly what the Fed views as a continuation of last year's trend of broadly declining price pressure and what the Fed sees as a substantial decline.
certainly create data domestic employment growth notion reinforce
The manufacturing data certainly are positive, but the employment data specifically reinforce the notion that domestic growth is not going be enough to create many jobs.
assets attractive current declining deficit dollar foreign further less means pressure puts vicious
What the current deficit does is make the dollar vulnerable. It means we could see a vicious cycle, where a declining dollar makes U.S. assets less attractive to foreign investors, which weakens our assets further, which puts further pressure on the dollar.