Patrick Fearon
Patrick Fearon
annual august brings good inflation moderate news seen september
The good news is that this is much more moderate than we had seen in September and August and it brings the annual inflation rate down to 4.3 percent.
core december fed inflation modest percent personal raising rates reflects rise stable stop support
The 1.9 percent December year-over-year rise in the core personal consumption expenditure index reflects a stable and modest inflation rate. That would support the idea that the Fed can stop raising rates soon.
basically basis core inflation personal trend whether year
Whether you look at the core personal consumption expenditure index on a monthly basis or a year over year basis, the inflation trend is basically 'steady Eddie.
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.
consumer sector shows strength
This shows some strength in the consumer sector at the end of the year.
continuing energy labor main market people prices reasons roughly starting
With energy prices at least roughly flattening out, and with the labor market continuing to strengthen, those are probably two of the main reasons people are starting to get more 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.
quarters sneeze straight three
We've now had three straight quarters of above-average growth, and that's nothing to sneeze at.
demand existing hard healthy hiring hold onto reports suggesting trying
Firms are trying very hard to hold onto their existing workers. Other reports are suggesting firms are also hiring new workers. All that translates into a healthy demand for labor.
certainly gasoline resulting spike weigh
There is certainly more going on than just hurricanes and a resulting spike in gasoline prices, ... could weigh on people's attitudes.
definitely level looking modest previous remain revision
We did have a modest upward revision in the previous week's claims, but we remain under the psychologically important 400,000 level and that's definitely something that we've been looking for.
ballgame consumer economic looks spending supporting terms trend weaker
Spending was up, a little weaker than expected... Nevertheless, the trend has been upward and it looks like the consumer is still in the ballgame in terms of supporting economic growth.
fed raising rates stop support
That would support the idea that the Fed can stop raising rates soon.