Stephen Gallagher
Stephen Gallagher
Stephen Gallagheris an English writer...
aggressive chance greenspan increase message move today
It may be even more that one (rate hike). If they move once there is always another chance for another one, but I think the message that we got from Greenspan today is that it will not be an aggressive increase in rates.
business consumer seeing strength strong
It's a very strong report. We're seeing a lot of strength in the consumer and business sectors.
auto due last month rebound sales solid
It's pretty much all due to autos. We got a solid rebound in auto sales last month due to the new discounts put in place in mid-November.
above earlier estimates full likely percentage quarter
Real consumption expenditures will likely be a full percentage above our earlier estimates of 5.0 percent to 5.5 percent. As a result, real GDP in the first quarter is more likely between 5.5 percent and 6.0 percent.
drawn growth higher inflation labor market ominous
The inflationary implications drawn from the combination of exceptional growth and higher inflation could become more ominous when we incorporate the tightening labor market trends.
core giving instead market negative news number pause reason
This is negative news and giving the market reason to pause a little. The core number is up 0.3 instead of 0.2. It's all it takes.
companies discount due housing lower mild numbers themselves weather
The housing numbers look pretty strong, but we have to discount them due to the mild weather effects. We are getting confirmations from the companies themselves about lower orders.