Tony Crescenzi
Tony Crescenzi
bad consumer coverage data jobs likely news
The news coverage on today's jobs data will likely be immense, and this will in a sense pummel the consumer with bad news.
april conduct early fed high might move payroll people rate report rumor since strong wage
The new rumor now since the meeting, since they did not act, is that the Fed could conduct an inter-meeting rate change, ... This is something they haven't done since April 1994, but people feel if the payroll report is strong and it's accompanied by a high wage gain, the Fed might move as early as tomorrow.
bond change economic fed market mind news quite raising remains
The bond market remains quite bearish. The economic news did not change anyone's mind about the Fed raising rates,
demand quite tips
The bidding was quite aggressive. TIPS are well in demand these days.
attitude bank cut feeble growth led money percent rate shows slow supply weak
The Bank of Japan's feeble 10 basis-point rate cut to 0.15 percent shows the head-in-sand attitude that has led to weak money supply growth and a slow economy.
looks market policy potential
It looks like he has done it again, just when the market thought he had made potential policy error.
although excuse federal highly officials recent seems signal
It's an excuse to consolidate recent losses, although it seems highly implausible that federal officials would want to signal their plans, through any channel.
concern surprising weakness
It's a little surprising because I thought there'd be a little more concern over weakness in dollar/yen.
consumer correct cost
The CPI is correct in measuring consumer prices, ... But it's not correct in measuring the cost of living.
advance both compared countries creates economic economy-and-economics environment good growth lower powerful rates return serve
The productivity advance will also serve as a powerful backstop for the U.S. dollar, as it creates an environment that is good for the rates of return on U.S. assets, especially compared to other countries where both productivity growth and economic growth are lower than in the U.S.,
commodity global growth lifting prices revival sector
There is a revival in global growth now underway that is lifting the U.S. manufacturing sector and hence, commodity prices and wages.
assessment downward overall results trend underlying
The refunding results show that the market's assessment of underlying (economic) fundamentals is that they are still bearish. Therefore, the market's overall downward trend is intact.
businesses consumer continue durable energy given goods high market negatively question report risks spend spending whether
The question is -- and this is why the market hasn't reacted too negatively to the durable goods report -- is whether businesses ... will continue to spend given the risks to consumer spending posed by high energy prices.
data expect fed feed hands home sales
The pending home sales data feed right into the hands of those who expect the Fed to end its interest-rate hikes.