Anthony Chan Rep Quotations

This report was very encouraging. It gives us stronger employment growth than the market was expecting while none of negative side effects of economic growth are present, such as higher inflationary pressure from wages.

This report supports Greenspan's rosy economic view that the economy is likely to continue to grow unabated this quarter thereby justifying continued increases in short-term rates.

This report should soothe the fears of monetary policy-makers who are trying to adjust policy to prevent the economy from overheating.

This report kind of confirms the market's fears that the economy is limping around on just one foot. At same time, I don't think this report is telling us we're moving toward a recession.

This report is good news because it says the labor market is turning the corner, but it's still not strong enough to declare victory.

This report is certainly consistent with an economy that is trying to make a recovery, but a weak recovery. When you start to back out the volatile components, it's not all that weak. We're picking it up, but these numbers tell us the economy will come back slowly.

This report is actually quite favorable for financial markets since we see very little inflation pressure while simultaneously seeing job creation inching up,

I really don't see a ratcheting up of concerns for the Fed. I still think they are concerned enough that they'll do two more rate hikes, but I didn't see anything in this report that would suggest that they need to do more.

The best way to describe this report is 'holy cow,' ... This is a great report. We have Alan Greenspan a little bit worried about inflation and certainly the financial markets will realize that those worries certainly continue to prove to be unfounded.

That report certainly reveals the recession is not over. The gains we had in September are not sustainable and illustrate why the central bank has to continue to lower rates. At this juncture, the easing of rates basically is serving as a consumer confidence booster.

To the extent that consumer sentiment reacts to movements in the unemployment rate rather than the meager increase in non-farm payrolls, we have to take this ... report as delivering good news to the troops.

I don't think this report guarantees a pause, but it doesn't stand in the way of a pause if the Fed feels it's something they should look at.

This employment report means that the phrase 'considerable period' will stick around for a considerably longer period of time.

The CPI report was very tame. It sort of reflects the comments by Alan Greenspan that even though monetary policy is way too expansive right now, inflation is sufficiently a non-event, a non-problem, so the Fed obviously can wait at this point,

The CPI report continues to be encouraging. These numbers are stimulating consumer spending by giving consumers more spending power. At the same time, lower inflation will also encourage the central bank to do whatever they need to do.

The CPI report continues to be encouraging, ... These numbers are stimulating consumer spending by giving consumers more spending power. At the same time, lower inflation will also encourage the central bank to do whatever they need to do.

This is a report that represents judgment day for the Federal Reserve,

This is clearly a non-threatening report for investors and policy makers alike. Labor market conditions appear to be tepid enough to justify less rather than more Fed rate hikes while wage pressures did not spoil the party.

It seems as though the inflation report provided a few component surprises but no overall surprises as apparel prices continued to drop despite the expectation that they would stabilize or rise slightly.

The outsized gain in housing starts was influenced by the same variable dominating most of the other headline stats like the retail sales and industrial production, namely weather. Everyone knows that housing starts is a volatile number that generally reports wide swings.

Nothing in this report tells things are running out of control.

I think this employment report shows that the laws of gravity do apply to monetary policy,

What the Fed showed was that extraordinary circumstances require an extraordinary strategy. Not only are they moving rates to lows not seen since the early '60s, they're prepared to move them a lot lower.

Even though people thought this was a great opportunity to take the word 'measured' off the table, he didn't do that, ... It suggested that he was not at this point prepared to endorse the Fisher hypothesis. I think he's trying to make sure the Fed doesn't box itself in.

I believe that it is safe to say that this report understates the true strength of current labor market conditions.

The pace of average hourly earnings continues to rise at just a tepid pace leading me to believe that this overall report is a very monetary policy-friendly report.

Although today's employment report provides little evidence of anything resembling a double-dip recovery, it does provide stronger support for the onset of a gradual to a moderate recovery in the months ahead.

Although the gain in real GDP came in somewhat below market expectations, the details of the report were much more favorable,

I think it's fair to say it'll be the least important or most distorted jobs report in memory. Maybe both.

Today's employment report also has sustainability written all over it.

With a fall in the yearly rise in average hourly earnings, both investors and policy-makers can avoid pushing the panic button for a little while longer. In other words, while a (May interest rate hike) remains all but assured, this report did little to nail further tightening beyond this stage.

I think this report clearly shows that we got a hurricane bounce back. It also puts the possibility of a Fed rate hike in December back in play.

Rates might be low, but people are starting to realize that rates will go up. Remember you've got to get a mortgage down the line, maybe six months out when the home is complete. People are preparing for it.

Everyone knows that consumers cannot carry the economy indefinitely on their own, and this report provides some hope that the long-awaited capital spending recovery may not be too far off.

The rise in the unemployment rate takes much of the sting away from the robust gain in payrolls from a monetary policy perspective. The big fear ahead of the release of this report was that labor markets were overheating.

The report is certainly encouraging. It says there's no urgency to panic about inflation. But that's not the same as saying there's justification for a pause. This is all pre-Katrina. There's enough pipeline pressures out there to say that a pause is not a slam dunk.

The report illustrates the fact that housing is not defying gravity and is not likely to do so this year. We're going to see chipping away of housing.

I still don't think they'll lower rates, but this tells me they're prepared to lower them at the first sign of trouble.

For those people hoping for a light at the end of the tunnel, this report reveals the tunnel is still under construction.

This is actually a good report because it really tells us the economy is healthy.

When one looks at the MBA data that reveal that applications for the purchases of new homes are down 7.5 percent on a year-over-year basis, it is not hard to see that the gain reported this month is not a sustainable trend.