Lynn Reaser
Lynn Reaser
additional concerns consumer economy faces interest jeopardize market primary profit rate rebound renew slow spending stock stocks stoke strong
The stock market now faces two primary risks. First, the economy could slow too much, which would jeopardize profit performance. Second, a strong rebound in stocks could stoke consumer spending and renew concerns about overheating and additional interest rate hikes.
appeared consumer consumers corporate decline despite expected frauds market numbers ongoing optimistic spending stock
We had expected a snap-back in consumer spending after a decline in May, and that's what these numbers showed, ... Consumers appeared to be optimistic in their spending, despite the stock market and the ongoing corporate frauds and malfeasance.
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.
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.
benign economy-and-economics inflation mode number shows
This number shows that inflation is in a benign mode for the U.S. economy.