Stuart Hoffman
Stuart Hoffman
absence broad economy good inflation lower noticeable problem report steady
It was a good report right through. As you look through the report there is a noticeable absence of inflation on a broad basis. The numbers, if anything, are steady to lower on inflation and show that it just isn't at all a problem for the economy or the Fed.
consumer good positive sector sign signal threaten
It's not a good sign when delinquencies rise, There are enough other positive things in the consumer sector to say this is not a signal for some significant retrenchment ... that could threaten the economy.
alive good job market news shows
It's a very good report. That's good news post-hurricanes. It shows us the job market is alive and well.
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.
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.
believe decade economic good half pittsburgh turned
The first half of the decade has not been good for Pittsburgh and Southwestern Pennsylvania in the sense of economic growth. But for this year, I believe we have turned the corner.
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.
building markets
There will be some uncertainty in the markets building up at the end of the year. There will be some jitters.
adapting aggressive among benefits business care continued costs counter energy health higher increases interest mean next outlook owners prices profits results sales six stable steps taking
The results show a stable outlook among business owners for their own sales and profits during the next six months, which suggests they are adapting to higher energy prices and interest rates. Many, however, are taking aggressive steps to counter continued increases in costs for employees' health care coverage, which could mean reductions in benefits for some employees.
keeping wages
People's wages are going up, but they are not keeping up with inflation.
bit comfort core drew people
People drew some comfort in the smaller-than-expected core index, but I think the core is a bit deceptive.
coming confirmed data hike march market possibly pricing rate terms
I think he was signaling to the market that yes, there is another (quarter-point) rate hike coming in March and possibly in May, but that will be data dependent. He essentially confirmed what the market has already been pricing in, in terms of rate hikes.
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.
both favorable main number previous street wall
I thought it was a very favorable number for both Wall Street and Main Street, particularly paired with the upward revisions to the previous two months.