Lynn Reaser
Lynn Reaser
companies cost expand growth looking profits sales
Companies are looking to expand profits more now through sales growth than cost cutting.
adding companies expansion general imports petroleum rebuilding strength
On the import side, the strength is from a rebuilding of inventories from companies and a general expansion of the U.S. economy. Petroleum imports increased, adding to the import bills.
businesses companies consumers inflation limited overall pricing quite remains selling
Overall inflation remains quite benign. Companies selling to consumers and businesses have limited pricing power.
believe changes companies economy embrace statistics
Statistics do lag changes in the economy. I believe we will be migrating to one economy that will be a new economy as many companies that have been around for years embrace some of the newer technology.
almost attention economic equal four individual months noise pay reports takes tend three trend underlying
They (investors) tend to overreact to individual economic reports which may be more statistical noise than an underlying trend which takes three to four months to develop, ... They tend to pay equal attention to almost any report that is relevant, and some are more significant than others.
areas difficult indicate numbers pockets slowing suggest time within
These numbers really indicate some pockets of weakness. It suggests manufacturers are having a difficult time in some sectors and it does suggest some areas of slowing within the economy.
bigger issue likely near
This is likely to become a much bigger issue as we near the end of the year.
address best cannot directly economy federal footing low reserve situation sound supply support
The Federal Reserve cannot address directly supply disruptions and really the best support they can give in this situation is to keep the economy on a sound footing with low inflation.
although check economy energy fed growth inflation likely rising risks solid suggest underlying upside
The Fed is likely to acknowledge some dampening in growth from rising energy costs. But it will suggest the underlying economy is solid and although inflation has been in check recently, there are upside risks going forward,
case concerns either inflation recently
It will be ugly. In any case it's only one month's number, but it could either alleviate or exacerbate inflation concerns which have recently accelerated.
change deployed expect fed funds increase rate recent tactics target
We expect the 12th consecutive increase in the target fed funds rate and really no change in the tactics deployed in recent meetings.
allow economy growth news next positive recession stimulus track
We don't think we are going to have another recession ... We think there is enough stimulus in the pipeline, enough positive news in there to allow the economy to keep on a growth track for the next year.
concern earlier economy hold issue whether
Earlier in the summer, the big concern was accounting, but the issue now is whether the economy is going to hold up,
close peak
We could very much be close to the peak at this time.