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...
costs currently expect fed gains growth labor market pick piece points puzzle toward unit
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.
anecdotal average earnings evidence fed growth labor officials picking pressures remain suggesting unit wage
Fed officials will remain watchful for a reacceleration in unit labor costs, especially with anecdotal evidence and an upturn in average hourly earnings growth suggesting that wage pressures may be picking up.
caused faster fed grow hours job labor losses modest officials remain rises since unit worked
Productivity rises could be more modest going forward, since hours worked should grow faster as job losses caused by the hurricanes are reversed. Fed officials will remain watchful of a reacceleration in unit labor costs.
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.
follows growth pattern recent report strong
The report follows the recent pattern of strong growth and no inflation.
best bottom clear continues growth job line previous
The bottom line is that, excluding the hurricane, to the best that we can tell, job growth continues to be good, as was made clear by the upward revisions to the previous two months.
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.
economic growth income labor market sustain
The labor market is the linchpin of our economic forecasts, because income growth is going to sustain the consumer.
change growth handle inventory likely quarter rather
The inventory change now suggests growth this quarter is likely to have a 3.0 handle on it rather than 4.0.
concerned fed growth inflation
The Fed is, if anything, more concerned about inflation than they are about a growth slowdown.
above begin build economy fully gradually growing inflation labor markets pace pressures product slack trend
The economy is still growing at an above trend pace and with slack in labor and product markets all but fully absorbed, inflation pressures will begin to gradually build this year.
bad corporate economy good inflation investors margins profit stock thinking
What stock investors probably need to be thinking about now is 'what are profit margins doing?'. A little inflation wouldn't be so bad for the stock market, for Corporate America, but it wouldn't be good for the economy or the consumer.
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.
explosive pace quarter second sets stage swing third
The still-massive swing in the pace of stockpiling in the second quarter sets the stage for an explosive third quarter.