Tim Mazanec
Tim Mazanec
costs fed increasing initially labor pause sooner unit
If unit labor costs are not increasing as much as we initially expected, that would get the Fed to pause (rate hikes) sooner than expected.
fed focused potential rather sooner
The market's focused on the potential for the Fed to pause. That could be sooner rather than later.
meeting per point quarter rest view year
This reiterates the view of many that a quarter point per meeting for the rest of this year is in the cards,
came higher hikes price rate
The price index came in higher and that kind of confirms expectations for at least two more rate hikes from the Fed.
comments data fed indicative stronger suggest though wait
Even though the data has been inflationary and indicative of a stronger economy, comments from the Fed suggest they're going to wait and see.
cause consistent fed help higher hikes inflation rate risk somewhat view worried yields
We are getting a consistent view from the Fed now that they are somewhat worried about the risk of a higher inflation rate. That is going to cause more rate hikes to come and higher yields will help the dollar.
ahead claims helped looking next tomorrow week
Jobless claims helped (the U.S. dollar), but we're looking ahead to tomorrow and next week at this point.
banks central continued dollar fed move outweigh rate reasons whereas
There are continued expectations of more Fed rate increases, whereas with other central banks we may only see a one- off move here and there. The reasons to be in the dollar outweigh any other currency.
definitely higher number spending strong
Overall, the ISM number is definitely a strong figure, as well as the construction spending report, which is much higher than expected.
although factory market orders report slightly spot
The factory orders report was very slightly better than expected, although after revisions it was pretty much spot on what the market was expecting.
matter momentum picking
It was all one way. It was just a matter of momentum picking up after 8 a.m..
benefit consumers euro michigan piece retail strongest survey weakness win
Consumers have been the strongest piece of this economy, so if we see some weakness in retail sales, and the Michigan survey should be off on Friday, we should see the euro win the benefit of the doubt,
await continued employment growth market reaction report spot void
The report was spot on expectations, signaling continued growth in the U.S. employment sector. It should bode well for the economy, but the reaction is null and void in the market as we await Greenspan.
clear mistake shift trend
There's shift in ranges, but still nobody's going to mistake this for a clear trend reversal or anything.