Sung Sohn
Sung Sohn
Sung Won Sohnis a Korean American economist, noted for his skill in economic forecasting. He is currently the Martin V. Smith Professor of Economics at California State University, Channel Islands...
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There is no reason for the Fed to deviate away from the cautious policy approach, ... The central bank won't raise the interest rate until August or later.
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Foreign investors are becoming a bit more gun shy about buying U.S. assets. Until the dollar settles down, we are going to be looking at volatility in the foreign exchange markets.
everybody hike increase rates sooner until
For a while, everybody thought there would be no increase until year-end. They may hike rates sooner than we realize.
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The pause in economic growth and the drop in confidence will probably cause the Fed to tighten later rather than sooner. The earliest I can see them tightening is the end of June, and they could quite possibly wait until August.
increases jobs monetary policy unless until
Until and unless there are significant increases in jobs over a period, tighter monetary policy is out of the question.
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If the economy does not move out of the soft patch, monetary policy could be on hold beginning September until the economy shows signs of renewed strength.
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The corporate tax cuts may not have an economic impact until months later.
distinct interest pushing rates
Crowding out could become a distinct possibility in the future, pushing up interest rates significantly in 2005 and beyond,
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Argentina is not a potential nightmare. It's a relatively small economy compared to Mexico and Brazil.
businesses coming continued employment gains hiring increase maintain might primarily reasons seeing temporary trying
Employment gains really haven't come from full-time workers. They're coming primarily from part-time, temporary help, ... Businesses are still trying to maintain flexibility by not hiring more expensive, full-time workers. That might be one of the reasons why we're seeing an increase in continued claims.
confidence consistent consumers east employment gains impact market michigan middle overall picture report retail rising sales situation slower stock taking turmoil
Employment gains are rising at a slower rate, retail sales are decelerating somewhat, the stock market is going through some turmoil and the Middle East situation is also probably having a dampening impact on consumers' willingness to spend, ... So I think the Michigan confidence report is consistent with an overall picture in which consumers are doing well, but probably taking a breather for a while.
economy seems
Even before the attack, the economy seems to have relapsed into the doldrums,
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There's so much liquidity in the economy right now that, left alone, it could become fuel for inflation, ... I can see the Fed taking preventive measures to ensure inflation doesn't become a problem.
close higher number overall somewhat
Probably the overall (CPI) number will be somewhat higher than anticipated, but like PPI, the core-number should be close to forecasts,