Michael Moran
Michael Moran
changes federal influences rate reserve
Without question, the rate changes by the Federal Reserve will have influences on peoples lives,
activity backing conclude housing last levels means robust saw spring summer
What I would conclude is that we are backing away from the robust levels of housing activity we saw in the spring and summer of last year, but there is by no means a swoon going on in housing activity just yet.
change prices random reflect shift vehicle view
We view the change in vehicle prices in the PPI as a random shift and one that does not reflect reality.
early federal funds growth increase looking low moved primary push rate reason starting wages warning
I am looking for a 25-basis-point increase in the federal funds rate. The primary reason is because the unemployment rate has moved to a low level, and that low unemployment rate is starting to push the growth of wages higher. That is an early warning sign.
economic key looking market people stock
More than ever before, people are looking to the stock market as the key to the economic recovery.
area coming cyclical housing information latest lower mortgage moved rates recently respond shows
Mortgage rates have moved lower recently and housing could respond in coming months. But the latest information from this cyclical area shows some moderation.
additional average basis increased mortgage points rates
Mortgage rates have increased an additional 35 basis points from their average in the first quarter,
challenge energy front high hit people start
The real challenge on the energy front hasn't hit yet because it's not winter. When people start to get high heating bills, it will be another story.
board demolish votes
He will not have the votes on the board to demolish the building,
adjustment ahead case compelling fed finished further hold june push showing signs steady various
With various indicators showing signs of softening, the Fed will probably hold steady on June 28, ... We do not think they are finished for the year, but they do not have a compelling case to push further ahead after a 50-basis-point adjustment in May.
economy faces fed gain negative outlook risks side though
Though the (economic data) have been mixed, they've been more negative than positive, and the outlook for the risks the economy faces is distinctly on the downside. The Fed has more to gain by erring on the side of accommodation.
averages decline hit hurricane late reading sharper
The decline was sharper than expected, but the reading was still respectable and in line with the averages that were in place right before the hurricane hit in late August.
situation
The situation has improved, but we're still not where we want to be.
calm clear countries major steps storm
These countries could take steps and I think they will take steps that will calm the storm some. But I think it's very clear these countries have to take some major steps to restructure their markets.