I give him an A-plus. Job 1 was, 'Don't upset the market,' and he didn't do that.
So we don't get the gold medal in housing this year we have to settle for the bronze. There's still plenty of demand for housing in the U.S., even with the higher mortgage rates.
Every piece of economic data we have received over the last six weeks is showing signs of higher inflation that threatens to erode economic growth. The after-shocks of the hurricanes may be longer and deeper than many now believe.
As it stands right now, we're looking down to about 2.5 percent GDP growth in the second quarter and third quarter, which is perfect for what the Fed would want, ... That would really play into them well and certainly avoid any rate hike.
As it stands right now, we're looking down to about 2.5 percent GDP growth in the second quarter and third quarter, which is perfect for what the Fed would want. That would really play into them well and certainly avoid any rate hike.
History tells us that the Fed has always overshot its tightening goal. Central bankers like to know the cork is firmly implanted in the bottle so that the inflation genie doesn't sneak out.
Retailers and construction companies just weren't hiring last month. Retailers did less hiring this holiday season.
Consumers are partying like it's 1999, ... They are celebrating their full-employment status and they are spending. The punch bowl is only spiked with 1-12 percent inflation, which isn't anything.
Inflation pressures are rising, but at a subdued pace.
Inflation is not a problem and generally isn't during periods of economic weakness, ... This is simply because producers cannot pass along increased prices.
There's only so much a Fed rate hike can do to thwart an inflation threat that's predominantly driven by oil prices. Raising the fed funds rate won't stop people from speculating about higher oil prices,
Higher prices are back, which bodes ill for those expecting a quick end to Fed rate hikes. It looks like inflation is going onward and upward in the first quarter.
But so far three of the four key interest rate reports have come out looking really good and the Fed's going to have to really stretch to get that next rate hike.
We gave back some ground because the data proved that the economic slowdown isn't necessarily a sure thing, ... If consumer confidence remains at near all-time highs, the economy will continue to expand.
Now it's time to pay the piper and get this deficit back down to more manageable levels, and I believe the president's budget will address these issues,
I don't think these high energy prices are going away any time soon. Consumers are pulling back.
I had a low forecast for February simply because we had terrible weather, ... Yet, we still managed to have this kind of activity. So this is very encouraging for housing. Had it not been for the inclement weather, we would have had a stronger posting.
For all intents and purposes the Fed is going to move at a measured pace whether that word is in there or not. And now, the longer end of the yield curve should react more to Fed moves.
Businesses have had every incentive for investment spending, and they haven't taken that opportunity. I can't see how the tax provision expiring changes that too much.
We have not seen any inflation yet, but what we have heard is an inordinate number of price increase announcements in the third or fourth quarter, but they were not supposed to take effect until Jan. 1.
This is good news. For all intents and purposes, this is really good data. Some equities should rally on this.
We are convinced that a large portion of the tax refunds that are scheduled to arrive in consumers' mailboxes in March and April will be dedicated to these exorbitant energy costs, ... With that, there'll be less money spent on other goods and services.
It's not really that shocking we kind of expected it. As the economy begins to moderate, we'll get these sporadic spurts of growth -- like an engine running out of gas. We suspect the trend will remain moderation.
It's not really that shocking we kind of expected it, ... As the economy begins to moderate, we'll get these sporadic spurts of growth -- like an engine running out of gas. We suspect the trend will remain moderation.
The Fed may pause ... but I think that would be a mistake. With the economy advancing at such a torrid pace, the Fed can afford to err on the side of overdoing it. ... The mistake would be to refrain from combating inflation pressures.