Lynn Reaser
Lynn Reaser
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.
although auto behavior definitely depend economic future increase march minutes policy seems statement steps view
They are definitely off auto pilot. Although another increase at the end of March seems likely, the statement in the minutes reinforces the view that future policy steps will depend more on the behavior of economic statistics.
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.
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.
benign economy-and-economics inflation mode number shows
This number shows that inflation is in a benign mode for the U.S. economy.
close peak
We could very much be close to the peak at this time.
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.
believe light
But we do believe there is a light at the end of the tunnel.
actively businesses confidence hiring point
Businesses are regaining confidence to the point where they are now actively hiring new workers.
basically benign economic growth optimal present solid
We have basically an optimal present economic situation, with solid growth and benign inflation.
biting confidence consumer consumers decline large nails remains retailers seen vote whether
Retailers are biting their nails because of the large decline in consumer confidence. But it remains to be seen whether consumers will vote with their feet.
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.
certainly leave might moving point remove
I think they might leave it in one more time, but they are certainly moving to the point where they will need to modify or remove that language.