Patrick Fearon
Patrick Fearon
continues economy grow large majority sector service shows side
The ISM index shows that the service side of the economy continues to grow well and that's important because that sector makes up the large majority of the economy.
bond calming core far gotten inflation influence price
The core PCE price index is a calming influence on the bond market. Inflation so far has far not gotten out of hand.
bond calming core far gotten inflation influence price
The core PCE price index is a calming influence on the bond market, ... Inflation so far has far not gotten out of hand.
demand expect high numbers period quite range within
The numbers are still quite healthy, they're still well within the range you would expect in a period of high demand for labor.
certainly growth key lower rate
It's certainly lower than expectations so in that sense it was a disappointment, but the key thing is that this is still appreciably better as a growth rate than the long-term average, which is only about 3 percent,
consumer course
It's an encouraging sign, but of course we have a long way to go before you would say that the consumer is very optimistic.
certainly claims expect labor low range relatively remain strong though
Even though that was an 11,000 increase, you have to say claims remain relatively low and certainly in the range we would expect in a strong labor market.
affect fourth
There was some slacking off in the fourth quarter, but I didn't think it would affect the whole country.
across allow consistent continue decent economy fed growing interest measured numbers pace raise rates retail strength
There was decent strength across the retail sector. These numbers are consistent with an economy growing at a comfortable rate, a pace that would allow the Fed to continue to raise interest rates in a measured fashion.
certainly conspiracy eat economists gods seems words
It seems like this is a conspiracy by the gods to make us economists eat our words when we said manufacturing was back on its feet. It's certainly a disappointing number.
albeit consumer continuing economic fact good growth labor market momentum positive reflects sign start year
It's a good sign that the consumer has some momentum going into the start of the year and that probably reflects the fact that the labor market is continuing to improve, albeit modestly. It's a positive for economic growth this year.
clear continues economy holding interested remains workers
It remains pretty clear that corporations are interested in holding on to their workers as the economy continues to expand.
companies current force happy keeping level looks lose relatively seem stingy work workers
This level still looks like companies are happy with their current work force, and they are being relatively stingy about keeping their workers -- they don't seem to want to lose too many.
additional boost disruption further gasoline helped looks potential prices
It looks like the potential disruption has helped to further boost gasoline prices and that could be some additional headwind for the economy.