Michael Moran
Michael Moran
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.
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.
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.
build cycling facilities temporary viable
It's very viable to build temporary facilities for things like cycling and swimming.
encouraged fed move somewhat
The Fed will be encouraged by this, and it dampens somewhat the probability of a Fed easing, ... but I would still look for another move in December.
chairman consumer greenspan reserve sector strongest worries
The consumer sector has been on of the strongest in the economy, and that's the sector that (Federal Reserve chairman Alan) Greenspan worries about.
among area chairman company consumer economy greenspan sector strongest worried
The consumer sector has been among the strongest in the economy and I think that's the area that (Fed Chairman Alan) Greenspan and company are really worried about.
early holiday late looking month numbers portion seeing shopping suggest weak
The numbers suggest we're seeing a weak holiday shopping season. We could see a late surge, but the early portion of the month is looking slow.
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.
bearing decides extremely fed monetary
It's extremely important. I think it's going to have an important bearing on what the Fed decides to do with its monetary policy.
face good reading upside
This is an especially good reading because I think that we face significant upside risks.
clear gets listed mean national nomination sailing subject
A nomination does not mean it will have clear sailing to being listed. What gets listed on the national register, unfortunately, is subject to the will of the governor's office.
based county far official preserve quo status village
As far as the village is concerned, we'll preserve the status quo based on official county records.
situation
The situation has improved, but we're still not where we want to be.