Steve Stanley
Steve Stanley
Steve Stanleyis an American music historian, reissue producer, and the founder of Now Sounds, a reissue record label established in 2007 and distributed by Cherry Red Records. Steve has produced reissues of albums by The Association, Janis Ian, The Cowsills, The Mamas & The Papas, The Knack, Ruthann Friedman, Donna Loren, Roger Nichols, Paul Williams, and Tiny Tim, among others. Prior to establishing Now Sounds, Stanley was hired by Bob Keane and co-produced reissues for Del-Fi Records. He later produced...
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The core consumer price index (CPI) has risen by 3.3 percent annualized over the past three months, ... We'd all better hope that some of this is 'transitory.'
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The bottom line is that, with employment and income gains picking up, it will take mortgage rates a lot higher than 6.24 percent to choke off housing demand. We will probably get to a level of rates that bites eventually, but certainly not in the next few months.
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The bottom line is that the housing sector, at least for now, is more than holding its own in the face of higher but not yet high mortgage rates,
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That's not exactly an evaluation which would suggest that Friday's number will be a blowout to the upside.
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It made my decision a lot easier to come back knowing that guys I knew and really enjoyed being with were going to be here. That's always an exciting thing as a player, really enjoying guys you've played with in the past.
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It is reassuring that the February drop in confidence appears to have been a one-off event rather than the beginning of a trend.
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This kind of situation calls on each one of us to reach out in any way we can. All of us at Bladen Builders, like people all over the world, wanted to contribute in some manner. When our distributor, Do it Best Corporation, notified us of the collaborative effort, our feelings quickly turned into a desire to act.
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Once we get a few strong payroll gains, the tightening cycle will commence. That could be three months away or another year away. No one, including Greenspan, knows the timeframe; but make no mistake, tightening is coming sooner or later.
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Once we get a few strong payroll gains, the tightening cycle will commence, ... That could be three months away or another year away. No one, including Greenspan, knows the timeframe; but make no mistake, tightening is coming sooner or later.
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The gain was smaller than we had expected, and much of it came in utility usage, reflecting the extremely cold weather in the period.
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The Chairman (over the two days) was surprisingly hawkish, and we should be ready for rate hikes as soon as the data justify them.
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All in all, this is significantly more hawkish than I suspect market participants were anticipating. Bond market players have been throwing around theories about a second half slowdown, with the June data creating a huge stir, but the Fed has almost not given that idea a second thought.