Richard Iley
Richard Iley
although equally fourth marked number quarter weak
Fourth quarter probably marked the trough although we could see an equally weak number in the first quarter.
few fiscal genuine hugely looks months notion path steps taking widespread
The widespread notion of only a few months ago that the U.S. would be taking genuine steps down the path of fiscal consolidation in 2005 now looks hugely optimistic.
arguing encouragement fed found funds gradually level rate soon
Those arguing that the Fed will soon take a time-out from gradually normalizing the level of the fed funds rate will have found little encouragement in these minutes.
booming consistent remains survey
This survey remains consistent with a booming manufacturing sector.
act balancing concerned cooling difficult downside fed future housing imply market months risk
The Fed has got a difficult balancing act in the months ahead. The Fed is increasingly concerned indicators of a cooling housing market imply future downside risk to growth.