Lynn Reaser
Lynn Reaser
appears economy economy-and-economics expand half likely pace percent remains second solid
The economy remains very solid and it appears likely to expand at a pace of 4-1/2 percent to 5 percent in the second half of the year.
affecting certainly consumer continued economy-and-economics energy higher increase job level market prevent prices psychology relative spending strength underlying
The higher level of energy prices is certainly affecting the psychology of consumers. But the underlying strength of the economy, and the continued increase in the relative strength of the underlying job market should prevent consumer spending from collapsing.
ahead beginning chance consumer consumers employees improving increases job market oil prices receiving somewhat stay wage year
The improving job market is boosting consumer sentiment. Employees are beginning to see a somewhat better chance of receiving wage increases this year. If oil prices stabilize as we expect, consumers this year should see their paychecks stay ahead of inflation.
activity business claims next reflect region relatively seems three trend underlying
The underlying trend still seems to be relatively low, but the jobless claims will reflect the destruction to business activity in the region during the next two to three weeks.
above along components costs delivery easing energy lower paid point prices relief
All the components are above the break-even point of 50. There is also relief in the prices paid component from lower energy costs along with easing in delivery time.
far generally market tries trying valley wide
The market generally tries to look forward. It's trying to look over the valley but doesn't know how far or wide that valley will be.