Stuart Hoffman
Stuart Hoffman
among capital orders quite reflects report spending
When you take out transportation, the report should look stronger. In total, manufacturing orders are quite strong, and that reflects a lot of capital spending going on among businesses.
ballgame innings second
We're still in the first or second innings of the ballgame of replacing Greenspan. But it's not like the game hasn't begun.
business concern energy factory major pressures prices quite
While energy prices are a major concern and price pressures are in the factory pipeline, business is still quite good.
fact good market solid vanilla
Overall, this was kind of a vanilla report. These are solid numbers, but the market had already absorbed the fact May was a good month.
federal reserve work
What it does show is that the Federal Reserve has more work to do.
available base believe business capital conditions continue diverse economic economy favorable footing further growth healthy highly industries investment leave mean presence research rising role technology venture
We believe economic conditions in 2006 will be favorable for further growth in southwestern Pennsylvania's technology industries. Rising business confidence, healthy growth in business investment spending, and increasingly available venture capital will leave our region's technology industries on firmer footing in 2006. A highly diverse technology base and the presence of world-class research institutions mean that, over the longer-term, technology will continue to play an increasingly significant role in the economy of southwest Pennsylvania.
bond fed looking markets report seeing signs stock strength
The stock and bond markets are looking at the report and seeing the signs of strength, and they know the Fed is doing the same.
economy inflation ok raising rates saying
He's saying the economy is healthy. Inflation is OK for now, but it could become a problem, so we're not done raising rates yet.
below consumers job kinds market numbers percent rate sign spending wage
An unemployment rate below 5 percent is a sign that the job market is getting tight. These kinds of job and wage numbers will keep consumers spending right into spring.
benign clean consumer earlier fell inflation learned month morning prices producer relatively sweep wages yesterday
Inflation, it's been a clean sweep for July. We learned earlier this month wages were unchanged, yesterday producer prices fell again, and this morning you're right on the money, relatively benign consumer price inflation report. No problem.
cents claims gasoline spite squares
This is in spite of gasoline rebounding 10 to 15 cents in January. This also squares with the jobless claims data.
despite economy good indeed june last oil prices relief retailers rise
At the same time, many retailers and the automakers have had good June numbers, despite the rise in oil prices (over the last month), ... Overall, there's some relief right now that the economy is indeed strong, but not overheating.
clearly economic eye growth inflation main view worried
Clearly the Fed's main eye is on inflation. They are more worried about inflation because they view the setback to economic growth as temporary.
clearly economic eye growth inflation main view worried
Clearly the Fed's main eye is on inflation, ... They are more worried about inflation because they view the setback to economic growth as temporary.