Peter Kretzmer
Peter Kretzmer
bit building component consistent continues growth increase indicative maybe moderate month number obvious pressures price sector
It's a number consistent with a manufacturing sector that is strong, it strengthened a little bit in the month and I think growth continues to be moderate in the manufacturing sector, price pressures while still not obvious maybe are building a little bit you can see an increase in the price component to 55.1 that's indicative of some price pressure.
claims conditions continued department estimates hurricane including indicate labor market outside reports since solid
Jobless claims reports since Katrina, including Labor Department estimates of hurricane influence, indicate continued solid labor market conditions outside of hurricane-related distortion,
basis buck built continues fed move points
It assures that the Fed continues to not buck what was built into the futures contract, and will move by 25 basis points in September.
activity business companies confirm continue economic expand investment later offices remains report retail shown slow spending strong year
We look for the report to confirm that economic activity remains strong. Retail spending will slow later this year but that hasn't shown up yet, and business investment should continue to be pretty strong as companies expand offices and factories.
affect continues cooling declining evidence higher home housing market mortgage mount rates rising starting
Rising home prices, higher mortgage rates and declining affordability are starting to affect housing demand. Evidence continues to mount that the housing market is cooling off.
conclude continue main point remove sit
The main point is that when they sit down, they will conclude that what we want to do is to continue to remove the accommodative policy,
concerned fed impact inflation markets surprised thinking
The thinking that has surprised us has been that the markets and the Fed have been more concerned about the impact on inflation expectations than they've been about real growth.
demand higher home interest likely ownership properties push rates rising stronger
With interest rates rising and demand for new home ownership slowing, it is likely that stronger demand for rental properties will push rental rates up at a higher pace.
commodity inflation prices since
There hasn't been a lot of correlation between commodity prices and inflation since 1990.
consumer happen increase vaguely
It's only vaguely predictive of what will happen with month-to-month consumer spending. It did increase dramatically in March, so some drop-back is not unexpected.
bounce break figure next numbers percent
The numbers are a little better than we expected. Still, these things bounce around, and I think we'll probably see the unemployment figure break 4.5 percent next month.
numbers
The numbers are a little better than we expected,
bullish coming data feeling number overall trade weaker
The overall weaker GDP number coming from the trade data does give you a more bullish feeling on Treasuries,
meaning worried
We don't know if there is any meaning to the slowdown in these other categories. I wouldn't be too worried about it.