Stephen Stanley
Stephen Stanley
Stephen Stanley is a Canadian singer-songwriter associated with the band The Lowest of the Low. Stanley also performs as a solo artist, sometimes in collaboration with violinist Carla MacNeil...
economy fed further grow longer market stronger
We think the economy will grow stronger for longer than the market and the Fed do. We look for substantial further tightening to be required.
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We expect productivity growth to moderate, and compensation gains and unit labor costs to pick up. Just another piece of the puzzle that points toward more Fed tightening than the market currently expects.
fed momentum reasons robust speaks underlying
This speaks to very robust underlying momentum in the economy, which is one of the reasons why the Fed will have to keep going.
consistent fed signal
There is no signal that the Fed is nearing the end (of its tightening cycle), and that's been the one consistent thing.
cause certainly core fed focused looking looks market percent reaction since
But certainly the market should be focused on the core number, since that's what the Fed looks at. We're looking for an 0.2 percent increase, which wouldn't cause a big reaction in the market.
continue fed hike measured pace rates
Barring an abrupt weakening in the economy, the Fed will continue to hike rates at a measured pace for the foreseeable future.
fed happy inflation revised
It is never a happy day for the Fed when GDP is revised down and inflation is revised up.
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If inflation doesn't accelerate much from here, and the Fed just raises rates a little more, we might see something like the end of the 1990s again. But if the Fed has to really ramp up to fight inflation, it's going to be a much worse environment than investors realize.
bond boost currently economy faster fed growing keeps longer markets rates reacting stock
If the economy keeps growing at a faster pace, the Fed may need to boost rates for longer than what markets are currently expecting. I think that's what the stock and bond markets are reacting to right now.
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We still do not look for the core CPI to accelerate rapidly, but it is likely to be persistently firmer going forward. At a minimum, core consumer price inflation will be firm enough to keep the Fed on edge and raising interest rates.
economy extent fed market maybe people perceive slowing statement stock stop
The stock market has been pretty stubbornly hewing to the idea that the economy is slowing down and the Fed may stop soon. So to the extent that people perceive the statement as a little more hawkish, it's maybe upsetting.
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The Fed is, if anything, more concerned about inflation than they are about a growth slowdown.
beyond course data doubts fed monetary neutral rates somewhat supports totally view
The Fed will have to take rates beyond neutral to a somewhat restrictive pace. Today's data totally supports that view of the world and should...eliminate any doubts about the near-term course of monetary policy.
fed full labor market moving pace wage
The Fed can not be comfortable with the pace at which the labor market is moving to/through full employment. Let the wage acceleration begin!