Patrick Fearon
Patrick Fearon
despite february indicator might quite report strong
So despite the indicator today, the report for February might not be quite as strong as this is suggesting.
believers finally labor market people starting
The labor market has been strengthening for a while, but it may be that people are finally starting to become believers in it.
below came decent expanding high level sector slightly suggest
The ISM manufacturing index came in at a decent level in January, just slightly below expectations, but still high enough to suggest that the manufacturing sector is expanding at a steady-as-she-goes pace.
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.
coming consistent continue home housing likely market moderate sales view
This is consistent with our view that the housing market is likely to continue to moderate in the coming months. But ... home sales are historically pretty strong.
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.
claims consistent darn drop economic good healthy level number range
The drop in jobless claims is a darn good number. A number in the range of 325,000 to 350,000 is a level that is more consistent with healthy economic growth,
claims continuing drifting drop rate sign start
The drop in continuing claims could be a sign that the unemployment rate could start drifting downward.
april claims coming confidence consumer employment figures good job kinds point report solid
All kinds of indicators point to a very good report on April employment ... with jobless claims figures coming in where they are and the consumer confidence indicators ... all point to solid job creation.
coming consistent decline expected figure housing percent permits sector seems starts thesis weaker
The housing starts figure coming in down 5.6 percent was weaker than expected and seems consistent with our thesis that the housing sector is moderating. The big decline in housing permits reinforces that idea.
claims expected initial job range solid within
Initial claims were significantly better than the expected 300,000, and they were well within the range we would expect in a solid job market.